General ledger reconciliation in SAP

Henry Curtis, shares some personal insights on who he is and how BEST came to be.   Henry has 28 years consulting and programming experience on various SAP modules. Realising, with co-founder Alex Bakshi, there was customer demand and SAP product gap given vendor statement reconciliations having to be done outside of SAP, BEST (Minabiz) was founded in 2009 and this first SAP add-on module took off very quickly. Over the years we have built everything one can think of around finance reconciliations in SAP. We [...]

ITALTILE: IMPLEMENTATION OF BEST GL RECONS & CLEARING MODULES Interview with Sarah Lowe, Retail Financial Manager by Chris Brooks, BEST GL Product Manager on 29 August 2022. Sarah shares how BEST GL helps Italtile Group Finance save time and be more efficient. ABOUT ITALTILE & GROUP FINANCE We are the manufacturer, franchisor and retailer of tiles, bathroom ware and other home finished products. The group’s aspiration is to become the best manufacturer and retailer of tiles, sanitary ware and bathroom products in Africa. That [...]

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 [...]

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 [...]

Reconciling SAP bank accounts to a 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 SAP bank reconciliation. There are essentially two parts to the BEST bank reconciliation in SAP. Bank Reconciliation In SAP of the Main Bank Account 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 [...]

Save time by automating GL reconciliations directly in SAP® software using BEST’s add-on module for SAP software. With the add-on module, it is no longer necessary to replicate data outside of SAP software.