Reconciliation of the budget

In the reconciliation process, all budget transactions must be reconciled with general ledger transactions. The general ledger transactions can originate from integration transactions, journal vouchers, bank journals, standing orders and so on. When budget control functionality is active, the budget transactions are also originated. There can be differences between these transactions due to currency differences, period differences or manipulation of data without executing the budget check.

Note

Before reconciliation, all integration transactions must be mapped. Use the Reconciliation of Budget Balance with GL Balance (tfbgc3110m000) session, to view the financial integration, logistics, general ledger and budget control transactions. You can also make corrections using the Budget Control Adjustments (tfbgc2120m000) and Transaction Entry (tfgld1140m000) sessions.

To reconcile the budget transactions with the general ledger transactions, use the following sessions:

  • Reconciliation of Budget Balance with GL Balance (tfbgc3110m000)
    Click the Find button to search the budget to be reconciled. From the appropriate menu, click Start Reconciliation; the Start Reconciliation (tfbgc3210m000) session opens.
  • Start Reconciliation (tfbgc3210m000)
    Click Process to start the reconciliation process. A report is printed with the differences between budget account amounts and general ledger amounts. For each budget account, reconciliation lines are generated in the Reconciliation of Budget Balance with GL Balance (tfbgc3110m000) session.
  • Reconciliation of Budget Balance with GL Balance (tfbgc3110m000)
    • Select the budget accounts which do not have differences, and from the appropriate menu, click Transaction Checked; the Checked check box is selected for the budget account.
    • After all the budget accounts are checked, from the appropriate menu, click View Differences Only to view the budget accounts with the differences.
    • Use the Budget Control Adjustments (tfbgc2120m000) and Transaction Entry (tfgld1140m000) sessions to solve the differences.