What is difference between auto reconciliation and manual reconciliation?
- 1 Answers
- 4126 Views
- Deloitte, I also Faced
- E-Mail Answers
Answer Posted / sudhakar
Manual reconciliation means we are reconciling our AP payments and AR Receipts and some times users can enter Manual JV's in GL Module right. In Manual reconciliation time we can clearly identify this payment and this receipt came from AP/AR/GL modules. With the help of Source system. All companies will do manual reconciliation. Some companies will follow Auto reconciliation. For doing Auto Reconciliation we need bank statements to load in ERP with respective formate. Once it loaded with the help of Auto Lock Box setups. We can reconcile AP Payments and AR Receipts with the help of Payment ID's and Receipt ID's and with the help of Supplier name and with invoice amounts. and with customer names and with receipt amounts.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what is VAT claim process?
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
How to do the analysis of discounts lost and fixing the root cause?
Substitute receipts and Unordered Receipts
What is difference between primary and secondary ledger
Please post the setups required to approve the payable invoice in AP.
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
Payables Applications Technical Reference Manual
What is the meaning holding tax?
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
What kind of necessary ap information you gather from the client?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
Difference between header level tax calculation and line level tax calculation
