General Ledger Clearing in SAP – manage & automate intercompany transaction clearing

General Ledger Clearing in SAP - manage and automate intercompany transaction clearing in SAP with the BEST GL Clearing module. Watch this video to learn more about Intercompany transaction clearing: https://register.gotowebinar.com/recording/1436589329198306305 The BEST GL Clearing module can be used to clear intracompany entries within the same Company Code or intercompany entries across multiple Company Codes. Use the BEST GL Clearing Module to clear thousands of entries across accounts. By selecting large volumes of customers and vendors, different company codes and a reference as clearing [...]

2022-06-22T16:01:06+00:00June 17th, 2022|

Automate Clearing of Customer Payments in SAP with BEST Debtors Remit

Automate Clearing of Customer Payments in SAP with BEST Debtors Remit. Read how Consol Glass automatically clears Customer Payments in SAP: Interview with Marita Baronet - Group Credit Manager, Consol Glass (Pty) Ltd at the Mastering SAP Financials Conference 11 April 2022. About Consol and the Group Credit Team Consol Glass is a manufacturing company who believe that the best things come in glass. The sole purpose of the company is to add quality to life. The Group Credit team is based at Consol [...]

2022-05-24T10:45:37+00:00May 4th, 2022|

GL and Vendor Statement Reconciliation in SAP with BEST – News

Download the Full Newsletter on GL and Vendor Statement Reconciliation in SAP with BEST for March 2022 here. PROJECTS CASE STUDIES/EVENTS CERTIFICATIONS & ADVANCES INDUSTRY & COUNTRY LISTING CLIENT LISTING Upcoming Case Studies and Events with BEST: Mastering SAP conference -  12 April 2022 Consol Glass will be presenting on how they have benefitted from automating customer account clearing in SAP with the BEST Remit module. Implemented in under 3 months, Consol Glass is auto posting remittances to customer accounts since January 2022. If you [...]

2022-04-04T05:24:36+00:00April 4th, 2022|

Balance Sheet Reconciliations – Bacardi’s transformation with BEST SAP

BALANCE SHEET RECONCILATIONS - BACARDI: A BEST CASE STUDY (DOWNLOAD CASE STUDY) Bacardi is a family company with more than 160 year history of making spirits. The vision of the Company is to make moments matter – for customers, consumers, partners and for employees. Jeudy Arias Rojas, Director, and Karen Vega Hidalgo, Accounting COE Manager, both from FAS (Financial & Analytics Services) at Bacardi were interviewed by BEST on 10 March 2022. The objective was to discuss the background and benefits achieved to date [...]

2022-04-12T10:11:43+00:00March 17th, 2022|

Netcare’s Journey to automate General Ledger Reconciliations in SAP

AUTOMATE GENERAL LEDGER RECONCILIATIONS IN SAP WITH BEST GL RECONS & CLEARING MODULES - NETCARE: A BEST CASE STUDY In December of last year, the Eventful Group hosted an online Webinar where Johan van Eck, a Financial Manager for Hospital Ledger and Integration Support at Netcare, presented how they managed to implement a solution to automate their General Ledger Reconciliations in SAP. Johan began the presentation by outlining shortcomings in their existing Balance Sheet Reconciliation process, and Netcare’s desire to address these through implementing [...]

2022-03-17T12:50:31+00:00February 2nd, 2022|

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 [...]

2022-02-15T10:26:41+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|

Managing Intercompany Balances in SAP

Managing Intercompany Balances in SAP is a critical business function that needs to be managed at multiple levels within your organisation. From the entry of transactions through to your Group Accounting Consolidations, having tight controls and automated tools to assist are a great advantage. The BEST GL Reconciliation module provides functionality to manage and approve your Intercompany Reconciliations all within SAP. Using the BEST Intercompany Matrix functionality, you can maintain complex Intercompany relationships to be able to: ·        Run an Automated Reconciliation for each [...]

2021-10-11T08:35:07+00:00August 17th, 2020|