To set up reconciliation

To set up reconciliation, carry out the following steps:

  1. Prepare the Reconciliation and Archiving Period Status (tfgld0177m000) session.
  2. Initialize the mapping scheme and the reconciliation data.
  3. Set up the details of the reconciliation groups.
  4. Create opening balances for reconciliation.

Detailed instructions for these steps are given below.

In addition, you can set up Sales and Procurement to build the History tables.

To build the History tables

During the reconciliation process, from the reconciliation data you can drill down to the details of the logistic transactions. For sales orders and purchase orders, this data is recorded in the History tables. To use this function, set up Sales and Procurement to build the History tables.

To set up reconciliation
Step 1. Prepare the Reconciliation and Archiving Period Status (tfgld0177m000) session

In the Reconciliation and Archiving Period Status (tfgld0177m000) session, click Generate Reconciliation Groups to create initial records for all the currently existing reconciliation groups.

You can also use this function for reconciliation groups added later. Existing records are not changed.

Step 2. Initialize the mapping scheme and the reconciliation data

If this has not already been done, you must run the Initialize Mapping Scheme Data (tcfin0210m000) session. The data is only generated for the packages and modules that are selected in the Implemented Software Components (tccom0100s000) session.

If you have included additional packages or modules, or added integration document types for newly integrated external applications, you must run the Initialize Mapping Scheme Data (tcfin0210m000) session again. The earlier initialized data is not affected.

Step 3. Set up the details of the reconciliation groups

Use the Reconciliation Groups (tcfin0120m000) session to complete the details of the generated reconciliation groups. For a detailed description of the reconciliation group chartacteristics, refer to The reconciliation group details.

Step 4. Create opening balances for reconciliation

If you start using LN, you must enter the existing balances of your ledger accounts as opening balances in Financials. As part of the reconciliation setup, the same opening balances can also be created in the Reconciliation Data table for the reconciliation groups that you use, for example, for Work in Progress (WIP) accounts and Inventory accounts. Use the Opening Balances for Reconciliation (tfgld4195m000) session.

To check whether the created opening balances are correct per ledger account, you can use the Print Reconciliation data (tfgld4495m000) session and select the Print Full Specification check box to print a report.

Related topics