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Bank reconciliation management tool

I am working with a retail client. They are currently using a 3rd party product for bank rec. I strongly believe there is an automated tool in SAP for bank rec. Can you please guide me in the right direction?

Hi Peter, I am working with a retail client. They are currently using a 3rd party product for bank rec. I strongly...

believe there is an automated tool in SAP for bank rec. Can you please guide me in the right direction? Thanks.

Don
Your strong beliefs are well founded. SAP definitely has a tool for managing bank reconciliation and it is an increasingly robust tool, especially given the enhancements provided in 4.6C for the Search String functionality. You can find the most of the relevant IMG configuration nodes under the path IMG > Financial Accounting > Bank Accounting > Business Transactions > Payment Transactions > Manual Bank Statements or Electronic Bank Statements. If you look through the other questions I have recently answered you will also find a rough overview of the configuration points necessary to get this process up and running in SAP. Additional information is also available in the SAP Library under Financial Accounting – Bank Accounting (FI-BL)

This was last published in August 2004

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