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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 [...]

2020-10-02T11:22:29+00:00August 17th, 2020|

Intercompany Clearing in SAP

The use of intercompany clearing in SAP is sometimes an unused tool to combat intercompany balances spiralling out of control. Probably the main reason why it is not used extensively is because intercompany clearing in SAP is highly manual. SAP users are required to manually match open items across [...]

2020-10-12T08:38:19+00:00August 4th, 2020|

How To Perform Intercompany Reconciliations in SAP

Performing Intercompany Reconciliations in SAP can be one of your challenging month end General Ledger reconciliations. 50% of businesses consider Intercompany Reconciliations in SAP to be their biggest month end headache. BEST has created the Intercompany Matrix within the BEST GL Reconciliations Module to tackle this month end nightmare. [...]

2020-10-12T09:41:18+00:00July 14th, 2020|

Reconciling SAP GL to Bank Account

Reconciling the SAP GL bank account to the physical bank account balance and statement can be a time consuming process. BEST provides an SAP add-on module for GL Reconciliations that reconciles all manner of GL (General Ledger) accounts including bank accounts. There are essentially two parts to the BEST [...]

2020-10-12T11:06:51+00:00May 27th, 2020|
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