11 Jan

Internal reconciliation (SAP Business One)

Internal reconciliation in SAP Business One is a procedure that allows users to identify discrepancies between the ledger and the sub-ledger account balances. Discrepancies are reconciled by comparing the balance in the general ledger with the sum of the individual transactions in the Sub-book determined.

To perform an internal reconciliation in SAP Business One, users generally perform the following steps:

  • Create a new internal reconciliation document
  • Selecting the general ledger account to be reconciled and the corresponding subledger account
  • Check the transactions of the personal account and compare them with the balance of the general ledger account.
  • Identify and adjust any differences between the two accounts.
  • Post the reconciliation document
  • Once the reconciliation document is uploaded, the balances of the general ledger account and the relevant person account should match. This means that the internal reconciliation process has been successfully completed.

 


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