SAP Finance and Reconciliation Glossary
Explore definitions of common SAP finance, reconciliation, clearing and financial close terms. This glossary is designed to help finance teams understand the processes, controls and terminology used when managing reconciliation and automation within SAP.
- Account Payable Position
- Accounts Payable
- Accounts Receivable
- Audit Trail
- Balance Sheet Reconciliation
- Bank Reconciliation
- Cash Application
- Clearing Document
- Compliance Management
- Exception Handling
- Finance Transformation
- Financial Reporting
- General Ledger Reconciliation
- GR/IR Reconciliation
- Intercompany Transactions
- Lockbox Processing
- Open Item Management
- Partial Payment
- Payment Advice Note
- Payment Block
- Payment Difference
- Payment on Account
- Payment Remittance
- Reason Code
- Reconciliation Account
- Record-to-Report
- Residual Item
- Sarbanes Oxley Compliance (SOX Compliance)
- Tolerance Group
- Unidentified Payment
- Vendor Statement