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

reconciliation rule - Overview

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: A rule which enables you to compare converted data and if required, to automatically reconcile differences in the amounts.

reconciliation rule - Details

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  Key Concepts: 
  A reconciliation rule is a feature of SAP BusinessObjects Financial Consolidation (EPM-FC) that allows users to compare and reconcile data from different sources. It is used to ensure that the data is accurate and consistent across all sources. The reconciliation rule can be used to identify discrepancies between the data sources and to make corrections as needed. 
  
  How to use it: 
  To use the reconciliation rule, users must first define the data sources that they want to compare. This can be done by selecting the appropriate source from the list of available sources. Once the sources have been selected, users can then define the reconciliation rules that will be used to compare the data. This includes defining the criteria for comparison, such as date ranges, currency types, and other parameters. Once the rules have been defined, users can then run the reconciliation process to compare and reconcile the data from the different sources. 
  
  Tips & Tricks: 
  When defining a reconciliation rule, it is important to ensure that all of the criteria are properly defined in order for the process to run correctly. Additionally, it is important to ensure that all of the data sources are up-to-date in order for accurate results. 
  
  Related Information: 
  For more information on using SAP BusinessObjects Financial Consolidation (EPM-FC) and its reconciliation rules, please refer to SAP’s official documentation.