Manual Bank Reconciliation- FAGLL03 or Bank Statement

[Maleeha_Akbar]

Hi all

I am super confused in Manual BRS. Watched you tube and read SCN threads..still some points are not clear.

1) we enter opening and closing balance as per FAGLL03 bank GL opening balance or from bank statement? and closing balance?

2) which items do we post by copy paste from FAGLL03 or from bank statement?

3) how do we find out differences and do we adjust them?

TIA

[sanilbhandari]

Hi

It depends on how your data is posted. Let us assume that you have entries posted till 15th July 2018 and the closing balance of your bank statement and FAGLL03 matches. If that is the case, you should post through FF67, the bank statement data. You can create a batch session and it would update the GL balances as well as bank statement tables like FEK*.

However, if you have been posting till now directly a journal entry for bank postings, than you must arrive at a date in which your GL balance closing balance matches with that day's bank statement. Once you have arrived at that and all your other related configuration for bank reconcilliation is in place, you should use the bank statement to make the entries in FF67.

Thanks & Regards

Sanil Bhandari