What is 'intercompany reconciliation' in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

intercompany reconciliation - Overview

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: The process to generate reconciled data using amounts converted from the consolidated data. The processing is performed using an intercompany reconciliation definition.

intercompany reconciliation - Details

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  Key Concepts: 
  Intercompany reconciliation is a process used to ensure that the financial records of two or more companies are in agreement. It is a critical part of the financial consolidation process, as it ensures that all transactions between companies are accurately recorded and reported. In SAP BusinessObjects Financial Consolidation (EPM-FC), intercompany reconciliation is used to compare the balances of two or more companies and identify any discrepancies. 
  
  How to use it: 
  In EPM-FC, intercompany reconciliation is performed by comparing the balances of two or more companies. The system will then identify any discrepancies between the balances and provide a report detailing the differences. The report can then be used to adjust the balances of the companies in order to ensure accuracy. 
  
  Tips & Tricks: 
  When performing intercompany reconciliation in EPM-FC, it is important to ensure that all transactions between companies are accurately recorded and reported. This can be done by double-checking all entries and ensuring that all transactions are properly documented. Additionally, it is important to regularly review the reconciliation report to ensure accuracy. 
  
  Related Information: 
  For more information on intercompany reconciliation in EPM-FC, please refer to the SAP BusinessObjects Financial Consolidation User Guide. Additionally, there are several online resources available that provide detailed information on how to perform intercompany reconciliation in EPM-FC.