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 External Reconciliation

 

External reconciliation is the comparison of open transactions within SAP Business One with an external account statement. Most commonly this is a bank statement. However, it could be a business partner’s account statement containing a list of transactions that your customer sends to you as its vendor, for example.

For external bank statement reconciliations, SAP Business One supports three different processes:

In addition to performing reconciliations, you can also do the following:

  • View, cancel, re-create, and print previous external reconciliations

  • Print reconciliations when you manually or automatically perform external reconciliations