What is Reconciliation in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: Reconciliation

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: A work center view in which you can use a mass run to reconcile your ledgers from a technical point of view. In this way, you can check whether the total of the line items match the totals stored in the general ledger and subledgers.

Smart SAP Assistant

• Key Concepts: 
  Reconciliation is a process in SAP's SRD-FIN-GL FIN-General Ledger Accounting component that allows users to compare two sets of records to ensure accuracy and completeness. It is used to ensure that the data in the general ledger is accurate and up-to-date. Reconciliation also helps to identify any discrepancies between the two sets of records. 
  
  How to use it: 
  In order to use reconciliation in SAP's SRD-FIN-GL FIN-General Ledger Accounting component, users must first create a reconciliation document. This document will contain the details of the two sets of records that need to be compared. Once the document is created, users can then compare the two sets of records and identify any discrepancies. 
  
  Tips & Tricks: 
  When performing reconciliation in SAP's SRD-FIN-GL FIN-General Ledger Accounting component, it is important to ensure that all relevant information is included in the reconciliation document. This includes details such as account numbers, transaction dates, and amounts. Additionally, it is important to ensure that all transactions are accounted for in both sets of records. 
  
  Related Information: 
  For more information on reconciliation in SAP's SRD-FIN-GL FIN-General Ledger Accounting component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to perform reconciliation in SAP.