What is reconciliation document in SAP FS-AM-IM-GL - General Ledger Transfer?

SAP Term: reconciliation document

• Component: FS-AM-IM-GL

• Component Name: General Ledger Transfer

• Description: A standard service for applications that post turnovers, but do not themselves save any documents. The saved documents are used for reconciliation. &EXAMPLE& Reconciliation documents are written when direct charges or trivial amounts are posted in the context of account closure.

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• Key Concepts: 
  A reconciliation document is a document used in the SAP Financial Accounting (FI) module to reconcile the differences between two accounts. It is used to ensure that the balances of two accounts are equal. The reconciliation document is created when a transfer is made from one account to another, such as when transferring funds from a general ledger account to an asset management account. 
  
  How to use it: 
  To create a reconciliation document, the user must first enter the transfer details into the system. This includes the source and target accounts, the amount to be transferred, and any other relevant information. Once this is done, the system will generate a reconciliation document which will contain all of the details of the transfer. The user can then review and approve the document before it is posted to the system. 
  
  Tips & Tricks: 
  When creating a reconciliation document, it is important to ensure that all of the details are correct. This includes double-checking that the source and target accounts are correct, as well as ensuring that the amount being transferred is correct. Additionally, it is important to review any additional information that may be included in the document before it is posted. 
  
  Related Information: 
  The reconciliation document is an important part of SAP Financial Accounting (FI). It is used to ensure that all transfers between accounts are accurate and complete. Additionally, it can be used to track any discrepancies between two accounts and help identify any potential issues or errors.