OCCM - Reconcile G/L Accounts/Consolidation

SAP Transaction Code - Details

• Transaction Code: OCCM

  Description: Reconcile G/L Accounts/Consolidation

  Release: S/4HANA and ECC 6

• • Program: RGUCOMP1

    Screen: 0

    Authorization Object:

  • Development Package: FK

    Package Description: FI-LC Consolidation

    Parent Package: APPL_NU

  • Module/Component: FI-LC-LC

    Description: Basic Functions

Smart SAP Assistant

• SAP Tcode: OCCM - Reconcile G/L Accounts/Consolidation

  
  Overview: 
  The SAP transaction code OCCM is used to reconcile General Ledger (G/L) accounts and consolidate them. This code is used to ensure that the G/L accounts are accurate and up-to-date. It also helps to ensure that the financial statements are accurate and reliable. 
  
  Functionality: 
  The OCCM transaction code allows users to reconcile G/L accounts and consolidate them. This process involves comparing the balances of the G/L accounts with the corresponding balances in other systems, such as the subledger or external systems. The reconciliation process also includes verifying that all transactions have been posted correctly and that all postings are in balance. Once the reconciliation is complete, the consolidated G/L accounts can be used for reporting purposes. 
  
  Step-by-step How to Use: 
  1. Log into SAP and enter the OCCM transaction code. 
  2. Select the G/L accounts that need to be reconciled and consolidated. 
  3. Compare the balances of the G/L accounts with the corresponding balances in other systems, such as the subledger or external systems. 
  4. Verify that all transactions have been posted correctly and that all postings are in balance. 
  5. Once the reconciliation is complete, save the consolidated G/L accounts for reporting purposes. 
  
  Other Recommendations: 
  It is important to regularly reconcile and consolidate G/L accounts in order to ensure accuracy and reliability of financial statements. Additionally, it is recommended to review any discrepancies between G/L account balances and other system balances before saving any changes. Finally, it is important to keep a record of all reconciliations for future reference.