GL Reconciliation
Automatically reconcile SAP tax liability accounts to the external tax engine
Features
- Compares SAP liability account postings with tax system audit file entries
- Provides document level comparison
- Identifies non-reconciling records/postings between SAP and the external tax engine
- Posts variances from SAP to adjust incorrect or missing records or postings in the external tax engine
- Reverses non-reconciling records or postings from the external tax engine to match SAP records or postings
- Runs in test mode prior to actual reconciliation
Benefits
- Highlights and adjusts tax posting discrepancies
- Reconciles tax liability accounts with tax engine automatically
Stay in compliance by matching postings between SAP and tax engine, and post variances to tax engine audit file