The OMAR Reconciliation and Tracking Guide and the OMAR Videos provide detailed information and instructions for how to search, reconcile, and track transactions. The Online Monthly Activity Reconciliation (OMAR) system is one tool to help easily and accurately track, review, and report financial transactions.
A recommended best practice is to establish and document a control process for tracking and reconciliation of all financial transactions, with approval and review by the appropriate levels. This process should ensure that all financial transactions under the department or college’s control are recorded accurately and appropriately and that review, reconciliation, and tracking is done on a regular and timely basis.