The bank reconciliation report in SAP Business One is a report used to reconcile a company's bank accounts with the bank's account statements. It ensures that all transactions are recorded correctly and that the balance in SAP Business One matches the balance in the bank account.
Important aspects of the bank reconciliation report:
1st availability
- The bank reconciliation report is used for the localisation of Australia and New Zealand, Canada, United Kingdom, USA and South Africa available.
2. purpose
- The report supports compliance with local reporting standards, in particular with Crystal Reportsand ensures a transparent presentation of bank account data.
3. mode of operation
- The report compares the Closing balance of an account statement with the adjusted balance of the G/L accountwhich reflects the bank account on the bank statement date.
- Differences between the transactions in the bank account and the bookkeeping are visualised.
4. content
- Recorded transactions: The report lists the Bank statement executed transactions.
- Open transactionsIn addition, it shows transactions that have not been executed or are still open in the G/L account from the account statement date.
Additional information:
Manual tuning
- In SAP Business One, account statements can be entered manually and then analysed using the integrated Voting function be reconciled with the bank accounts. This enables flexible processing.
Parked account statements
- Parked account statements should be either locked or deleted according to country-specific requirements to ensure data integrity.
Add ons
- Add-ons such as the Versino Financial Suite support and optimise the bank reconciliation report in SAP Business One through automation, a central overview and enhanced reporting.
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