Dear Experts,
We are currently in the process of creating an effort estimate for implementing Bank Statement Processing within SAP B1 for our customer. I am seeking clarification on whether the client needs to specify the version of the Bank Format Project (BFP) file required to obtain the bank file from their bank.
Our client has not performed any bank reconciliation activities within the system for a number of years. I would like to understand what precautions we should consider if they have a large number of transactions. Is it advisable to initiate this process at the beginning of a new financial year? Would this approach provide a clean slate for reconciliations and reduce the complexity of integrating historical transactions into the new system?
I would appreciate guidance regarding the essential information needed to prepare the effort estimation.
Thank you.
Regards,
Helen Jim