Reconciliation elements

You can optionally use the reconciliation elements to structure the reports and other presentations of the reconciliation data and to facilitate the interpretation of the reconciliation data. Other examples of reconciliation elements are the order document number, the warehouse, and the buy-from business partner. A reconciliation group can contain up to five reconciliation elements. Each reconciliation element represents a business object attribute.

When you view the reconciliation transactions, you can sort the transactions on reconciliation element and you can find transactions with specific values of the reconciliation elements. In addition, you can generate reports based on the reconciliation elements and combinations of elements.

In the Reconciliation Groups (tcfin0120m000) session, you can assign up to five reconciliation elements to a reconciliation group. Which reconciliation elements you select depends on your business processes and reporting requirements.

You can use the reconciliation elements to structure the reports and other presentations of the reconciliation data and to facilitate the interpretation of the reconciliation data, for example, in the following sessions:

• Operations Management - Financial Reconciliation (tfgld4595m000)

  You can sort the transactions on reconciliation element and you can find transactions with specific values of the reconciliation elements.

• Print Reconciliation Data (tfgld4495m000)

  You can generate reports based on the reconciliation elements and combinations of elements.

• Accept Reconciliation Data (tfgld4295m000) and Finally Accept Reconciliation Data (tfgld4295m100)

  You can accept the reconciliation data for selected ranges of reconciliation element values.

The reconciliation elements must be assigned very carefully and after you set up the reconciliation data, you must only change the reconciliation elements if this is necessary.

The assignment of reconciliation elements is especially important, for example, for the Inventory reconciliation group, as the business objects of the debit transaction and the credit transaction differ. You cannot accept these reconciliation transactions by business object ID and select the Only Debit and Credit Balanced check box. However, if you choose the reconciliation elements as the basis for acceptance you can accept the transactions for which the debit transactions and the credit transactions balance. On the report, the debit transactions and the credit transactions are printed by item code.