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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 existing reconciliation groups.
You can also use this function for reconciliation groups
added later. Existing records are not changed.
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Initialize mapping scheme and 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.
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Set up details of 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 characteristics, refer to Reconciliation group details.
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Create opening balances for reconciliation
If you start using LN for the first time, 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 Compare Reconciliation with Finalized General Ledger check box to print a report.
Building 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.