When running the Reconcile utility for the SUMMARY option in Payables Management, which files and which amounts or fields are reconciled?
The PM Transaction Open File is reconciled to the PM Vendor Master Summary File. Reconciling will recalculate the unapplied payments, unpaid finance charges and current balance totals in the Vendor Credit Summary window according to the transaction and payment amounts that have been posted during the current year. The fields that are updated in the Vendor Credit Summary window are the Current Balance field (total of all remaining document balances in the open file), Unapplied Payment Balance field (remaining unapplied payment amounts in the open file), and Unpaid Finance Charges field (remaining unpaid finance charge amounts that exist in the open file). The reconcile process will recalculate, if necessary, the accuracy of the account balances and document ages in each aging period.
This article was TechKnowledge Document ID:920
Artikelnummer: 866913 – Letzte Überarbeitung: 28.03.2016 – Revision: 1