This procedure is used to reconcile transactions in the balance account when two or more debit and credit transactions are balanced so they are matched against each other. This can be applied to accounts for accrued costs, for example.
In this way, only transactions contributing to a balance in a specified account entry combination are displayed, either on-screen or in a report. The matched transactions are not included.
A statement of account for the period processed can be printed in ‘Account. Print Specification’ (GLS535).
Start ‘Account. Reconcile Internally’ (GLS185/B).
Enter the business account and the accounting date range for reconciliation. Press Enter.
Select the records that are only preliminary or not reconciled using sorting order 2.
Flag the transactions in one of the following ways:
Repeat all steps from step 2 until all transactions are reconciled. To end, press F3.