What is reconciliation type in SAP SBO - SAP Business One?

SAP Term: reconciliation type

• Component: SBO

• Component Name: SAP Business One

• Description: The classification of reconciliations according to the data with which they are performed. There are internal and external reconciliations.

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• Key Concepts: 
  Reconciliation type is a feature in SAP Business One (SBO) that allows users to reconcile their accounts with the bank statements. It is used to ensure that the accounts are accurate and up-to-date. The reconciliation type can be set to either manual or automatic, depending on the user's preference. 
  
  How to use it: 
  To use the reconciliation type feature in SBO, users must first select the account they wish to reconcile. Then, they must select the reconciliation type from the drop-down menu. Depending on the selection, users will either manually enter the transactions or have them automatically imported from the bank statement. 
  
  Tips & Tricks: 
  It is important to regularly reconcile accounts in order to ensure accuracy and avoid discrepancies. Additionally, it is recommended to set up automatic reconciliation whenever possible as it can save time and effort. 
  
  Related Information: 
  For more information on how to use the reconciliation type feature in SBO, please refer to the official SAP Business One documentation.