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|

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 bank reconciliation. Firstly a 3 way match of the main GL bank account in SAP, to the bank statement balance in SAP, then to the physical bank account statement balance. For example, bank statements are loaded [...]

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