Intercompany Reconciliation Process (40Y)

This scope item covers the process of reconciling the accounting documents that describe the accounting transactions within a corporate group in accordance with the predefined matching method. It allows early analysis in the closing process to avoid differences altogether and to reduce the deadline pressure that normally arises during the end of a closing period.

Key Process Steps Covered

• Run matching
• Check reconciliation status
• Check reconciliation balance

Benefits

• Get real-time reconciliation and error detection
• Speed up the month-end closing
• Streamline company to corporate closing integration
• Save operational costs with automatic processes
• Get multi-dimensional reconciliation with multi-valuation to support both legal and management-used reconciliation

Additional Information

• This scope item is excluded from the default activation

This scope item requires additional manual configuration steps. If you request this scope item, see the set-up instructions.

Where is Intercompany Reconciliation Process(40Y) being used?

This Scope item is used in the following way:

• As a support function of Accounting and Financial Close within Finance Scope Item Group

Process flow of Intercompany Reconciliation Process (40Y)

• Best Practices of SAP S/4HANA On Premise *1
• Best Practices of SAP S/4HANA Cloud *2
• Best Practices of SAP Analytics Cloud *2
• Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

• RISE with SAP
• SAP S/4HANA Cloud
• SAP on Azure
• Business Process Management