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  1. SAP Glossary
  2. FIN-FSCM-CMM-BR
  3. reconciliation


What is reconciliation in SAP FIN-FSCM-CMM-BR - ?


SAP Term: reconciliation

  • Component: FIN-FSCM-CMM-BR

  • Component Name:

  • Description: SAP Broker Reconciliation for Commodity Derivatives Comparison of details in customer system with details in broker statement to identify discrepancies and take required corrective action.


Smart SAP Assistant

  • Key Concepts: 
    Reconciliation is a process used to ensure that two sets of records are in agreement. In SAP, reconciliation is used to compare the data in the system with the data from external sources, such as banks or other financial institutions. The FIN-FSCM-CMM-BR component of SAP is used to manage the reconciliation process. 
    
    How to use it: 
    The FIN-FSCM-CMM-BR component of SAP provides a range of tools and features to help manage the reconciliation process. These include the ability to create and manage reconciliation rules, set up automated reconciliation processes, and monitor the progress of reconciliations. 
    
    Tips & Tricks: 
    When setting up a reconciliation process, it is important to ensure that all relevant data is included in the comparison. This includes both internal and external data sources, such as bank statements or other financial documents. Additionally, it is important to ensure that all relevant accounts are included in the comparison. 
    
    Related Information: 
    For more information on how to use the FIN-FSCM-CMM-BR component of SAP for reconciliation, please refer to the official SAP documentation. Additionally, there are a number of online resources available which provide detailed tutorials and best practices for using this component.
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