How to use FQM_BALANCE_RECON - Bank Account Reconciliation

SAP Transaction Code - Details

• Transaction Code: FQM_BALANCE_RECON

  Description: Bank Account Reconciliation

  Release: S/4HANA only

• • Program: FQM_BNKACCT_BAL_RECON

    Screen: 1000

    Authorization Object:

  • Development Package: FQM

    Package Description: Financial Quantity Management

    Parent Package: APPL

  • Module/Component: FIN-FSCM-FQM

    Description: One Exposure

Smart SAP Assistant

• SAP Tcode: FQM_BALANCE_RECON - Bank Account Reconciliation

  
  Overview:
  FQM_BALANCE_RECON is a SAP transaction code used to reconcile bank accounts. It is used to compare the bank statement with the company’s internal records and identify any discrepancies. This transaction code is part of the Financial Accounting module and is available within the SAP ERP system. 
  
  Functionality:
  FQM_BALANCE_RECON allows users to reconcile bank accounts by comparing the bank statement with the company’s internal records. It can be used to identify any discrepancies between the two and take corrective action if necessary. The transaction code also allows users to view and analyze the differences between the two records, as well as generate reports for further analysis. 
  
  Step-by-step How to Use:
  1. Enter the transaction code FQM_BALANCE_RECON in the command field. 
  2. Select the bank account you want to reconcile from the list of available accounts. 
  3. Enter the date range for which you want to reconcile the account. 
  4. Compare the bank statement with your internal records and identify any discrepancies. 
  5. Take corrective action if necessary, such as adjusting entries or making corrections in your internal records. 
  6. Generate a report for further analysis if needed. 
  7. Save your changes and exit the transaction code when finished. 
  
  Other Recommendations:
  It is important to regularly reconcile your bank accounts in order to ensure accuracy and prevent any discrepancies from occurring in your financial records. Additionally, it is recommended that you review all transactions before reconciling your accounts in order to ensure accuracy and completeness of your records.