How to use FAGLF03 - Reconciliation

SAP Transaction Code - Details

• Transaction Code: FAGLF03

  Description: Reconciliation

  Release: S/4HANA and ECC 6

• • Program: TFC_COMPARE_VZ

    Screen: 1000

    Authorization Object:

  • Development Package: FAGL_CLOSING_ACTIVITIES

    Package Description: Closing Activities in FI

    Parent Package: FINA_GL

  • Module/Component: FI-GL-GL-G

    Description: Closing Operations / Period-End

Smart SAP Assistant

• SAP Tcode: FAGLF03 - Reconciliation

   Ledger
  
  Overview: 
  The SAP transaction code FAGLF03 is used to reconcile the General Ledger (G/L) accounts in the SAP system. This transaction code is used to compare the balances of G/L accounts with the corresponding sub-ledgers and identify any discrepancies. 
  
  Functionality: 
  The FAGLF03 transaction code allows users to compare the balances of G/L accounts with the corresponding sub-ledgers. This helps to identify any discrepancies between the two and take corrective action. The transaction code also allows users to view the details of each G/L account, such as its balance, open items, and postings. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FAGLF03 in the command field. 
  2. Select the company code for which you want to reconcile the G/L accounts. 
  3. Select the reconciliation type (e.g., balance sheet or profit and loss). 
  4. Enter the G/L account number for which you want to reconcile. 
  5. Select the reconciliation period (e.g., current month or year). 
  6. Select the reconciliation method (e.g., manual or automatic). 
  7. Click on “Execute” to start the reconciliation process. 
  8. Review the results of the reconciliation process and take corrective action if necessary. 
  9. Click on “Save” to save your changes and exit the transaction code. 
  
  Other Recommendations: 
  It is recommended that users regularly use this transaction code to reconcile their G/L accounts in order to ensure accuracy and prevent any discrepancies from occurring in their financial statements. Additionally, users should ensure that they have sufficient authorization before using this transaction code in order to avoid any security issues.