What is 'intercompany matching and reconciliation' in SAP FIN-CS-ICR - S/4HANA Intercompany Matching and Reconciliation?

intercompany matching and reconciliation - Overview

• Component: FIN-CS-ICR

• Component Name: S/4HANA Intercompany Matching and Reconciliation

• Description: IMCR is a solution for matching and reconciling financial documents between trading companies in both trading close and corporate close processes.

intercompany matching and reconciliation - Details

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  Key Concepts: 
  Intercompany matching and reconciliation is a process used to ensure that transactions between two or more companies within the same group are accurately recorded and reported. This process involves comparing the transactions of each company to ensure that they match, and then reconciling any discrepancies. This process is important for ensuring accurate financial reporting and avoiding potential losses due to misreporting. 
  
  How to use it: 
  SAP S/4HANA Intercompany Matching and Reconciliation (FIN-CS-ICR) is a component of SAP S/4HANA that enables companies to automate the intercompany matching and reconciliation process. This component allows companies to compare transactions between different companies in the same group, identify discrepancies, and reconcile them quickly and accurately. It also provides a comprehensive view of all intercompany transactions, allowing companies to easily monitor their financial performance. 
  
  Tips & Tricks: 
  When using SAP S/4HANA Intercompany Matching and Reconciliation, it is important to ensure that all transactions are accurately recorded in the system. This can be done by regularly reviewing the data entered into the system and ensuring that it is up-to-date. Additionally, it is important to regularly review the reconciliation reports generated by the system to ensure that all discrepancies have been identified and resolved. 
  
  Related Information: 
  For more information on SAP S/4HANA Intercompany Matching and Reconciliation, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_S4HANA_FIN_CS_ICR/1809%20000/en-US.