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So far BEST SAP has created 35 blog entries.

How a large Healthcare group achieves Month End Reconciliations directly in SAP

For those who missed this Webinar here is a link to register and watch a recording: https://attendee.gotowebinar.com/recording/6833743362752457218 What the Webinar is all about: Hear Netcare’s story on replacing their legacy process of manual GL reconciliations and offline approvals with an automated online GL Reconciliation process within their SAP system. The Webinar covers: Netcare’s key business drivers for replacing their existing Month End Reconciliation process with an online, automated solution - BEST. An overview of the project implementation. A summary of the processing volumes currently [...]

2022-01-19T11:36:37+00:00November 26th, 2021|

How To Reconcile GL Accounts in SAP

Why Reconcile General Ledger (GL) Accounts At All? The financial statements of your business provide the basis for key decisions by internal and external stakeholders . GL account reconciliation is essential to ensure that GL accounts (and the resulting financial statements) are accurate at month end / period end. During the financial close process, incorrect, missing or unauthorized entries need to be identified and corrected. Accruals and adjustments are posted. SAP balances and transactions are validated against financial statements and external system data. Besides [...]

2021-10-11T09:22:05+00:00October 6th, 2021|

GL and Vendor Reconciliations in SAP with BEST – News

Download the Full Newsletter on GL and Vendor Reconciliations in SAP with BEST for September 2021 here. CERTIFICATION & RECENT ADVANCES ON GL AND VENDOR RECONCILIATIONS IN SAP WITH BEST CONFERENCES/TALKS - 2021 BEST GL MODULES – PROJECTS BEST AP (Vendor Recons), BSR, BIR & BSP MODULES - PROJECTS INDUSTRY & COUNTRY LISTING CLIENT LISTING BEST is now certified on S/4HANA 2020 and re-certified on NetWeaver 7.50. BEST GL Clearing & GL Recons Module Enhancements: Two new additional fields, Posting Period & Fiscal Year, [...]

2021-10-11T09:21:36+00:00September 8th, 2021|

General Ledger Reconciliation in SAP – Dis-Chem’s Story

General Ledger Reconciliation in SAP - Dis-Chem's Story With the BEST GL Recons and Clearing Modules Dis-Chem now automates 2 000 monthly GL Recons in SAP and clearing of 160 000 open items takes place monthly. No more manual excel for Dis-Chem. Dis-Chem presents their BEST story at Mastering SAP Financials 2021. See how Dischem: Has cleared large volumes of historic items with BEST GL Clearing resulting in: Reduced volumes of open items in month end recons Reduced time to reconcile Intercompany balances, allowing for [...]

2021-10-11T09:21:12+00:00May 21st, 2021|

General Ledger Reconciliation in SAP: Mastering SAP

We were able to record Chris Brooks' talk on how to automate General Ledger Reconciliation in SAP if you weren't able to make the Mastering SAP Financials Online Conference 2020 this year. Traditionally SAP users have had no option but to reconcile balance sheets and other GL accounts outside of SAP. This meant downloads to Excel or interfaces to 3rd party systems. Now personnel time can be saved by automating General Ledger Reconciliation directly in SAP, using BEST GL Reconciliation add-on module. No more [...]

2021-10-11T09:20:46+00:00November 4th, 2020|

Vendor and GL Reconciliations in SAP with BEST

VENDOR AND GL RECONCILIATIONS IN SAP WITH BEST SOFTWARE CERTIFICATION & RECENT ADVANCES BEST GL Clearing & GL Recons Module Enhancements: Out of Tolerance and residual item totals now displayed. Comparable Balance functionality available per Currency Type. Intercompany Matrix Combinations can be approved as individual Reconciliations. Trading Partner included as an Intercompany Matrix Attribute. Comparable Balance Tolerance available for small differences. Approvers Per Strategy Master Data setting to control approvers for all level per strategy. Bank Statement Balance check can be set to identify [...]

2021-10-11T09:19:28+00:00September 30th, 2020|