How to use EPIC_RECONCILE - Reconcile Bank/Cash Transactions

SAP Transaction Code - Details

• Transaction Code: EPIC_RECONCILE

  Description: Reconcile Bank/Cash Transactions

  Release: S/4HANA and ECC 6

• • Program: COPC_RECONCILE

    Screen: 1000

    Authorization Object:

  • Development Package: ID-FI-EPIC-COPC-UI

    Package Description: Globalization: E-Payment Integration Cash Operation CenterUI

    Parent Package: ID-FI-EPIC

  • Module/Component: FI-LOC-EPI-CN

    Description: E-Payment Integration China

Smart SAP Assistant

• SAP Tcode: EPIC_RECONCILE - Reconcile Bank/Cash Transactions

  
  Overview:
  EPIC_RECONCILE is a SAP transaction code used to reconcile bank and cash transactions. It is used to ensure that all transactions are properly accounted for and that the bank and cash accounts are in balance. This transaction code is part of the SAP Enterprise Performance Improvement (EPI) suite of tools. 
  
  Functionality:
  EPIC_RECONCILE allows users to reconcile bank and cash transactions by comparing the bank statement with the internal records. It also allows users to identify discrepancies between the two records and take corrective action. The transaction code also provides users with a detailed report of all transactions, including the date, amount, and type of transaction. 
  
  Step-by-step How to Use:
  1. Enter the EPIC_RECONCILE transaction code in the SAP system. 
  2. Select the bank or cash account to be reconciled. 
  3. Enter the date range for which you want to reconcile transactions. 
  4. Review the list of transactions and compare them with the bank statement. 
  5. Identify any discrepancies between the two records and take corrective action as needed. 
  6. Generate a report of all reconciled transactions for review and approval. 
  7. Save the report for future reference. 
  
  Other Recommendations:
  It is important to regularly reconcile bank and cash accounts in order to ensure accuracy in financial reporting and compliance with accounting standards. Additionally, it is recommended that users review their reconciliation reports on a regular basis to identify any discrepancies or errors that may have occurred during the reconciliation process.