Manual Reconciliation help for multiple BP

[HollyGriffiths]

Hi everyone,

my company uses SAP B1 without much development. We are currently manually reconciling every single payment across our accounts everyday which takes us a minimum of 2 hours at a time. We have to manually reconcile an invoice with the journal payment for our orders. Is there a way we can limit the manual work and get B1 to do this for us?

Below  image is the list of accounts we manually have to search in our BP master data, open up the account summary then click the internal reconciliation button then click the payment to the invoice. We have to do this across minimum of 100 accounts a day which is very time consuming,

please note, our company has the bare minimum development within this system and a lot of the functions have not been available and this is the only way we have been 'trained'.

any help is appreciated! 

[jitin_chawla]

Hi,

The Internal Reconciliation window has option to perform the reconciliation of documents Manually which you have displayed in the screenshot. Another option available on the Internal Reconciliation window is 'Automatic' where user can give some criteria and the system performs the reconciliation of the documents. This automatic reconciliation however, works 1 to 1 document and not multiple documents to an Invoice.

So, you can check this on the COPY of the database by using the Automatic option and see it that is of any help for your case.

Kr,

Jitin

[felipeprevente]

Hi Holly,

I see your payments are posted as a Journal Entry. Is there a reason behind it? Usually, payments are posted by using Banking > Incoming Payments (AR), Outgoing Payments (AP) or even the Payment Wizard (bulk payment run) where the payment is tied up with the Invoice. When this happens, SAP reconciles the Invoice and Payment automatically so you don't need to worry about doing it manually. See SAP Documentation by clicking on the below:

Incoming Payments | SAP Help Portal

I hope it helps you.

Felipe

[HollyGriffiths]

Hi there, we receive 1 stripe payment in our banking for all our webshop orders then the total amount is then broken as Journal's to the customers that made the payments. This was the way we were shown how to action this process. 

[felipeprevente]

Are these Journals created manually? Or you guys are using an integration/data import process? In any case, having a common reference would help on running an automatic reconciliation, which is based on up to 3 matching rules. Bank reconciliation would be helpful as well, as you could import a bank statement and match the open transactions, but as you said, you receive a single payment, so your receivables are not coming all broken down from the bank.