WHAT IS R2R (RECORD TO REPORT)
Sonu Raghav

WHAT IS R2R (RECORD TO REPORT)

Sonu Raghav Sonu Raghav

Sonu Raghav

SAP S/4 HANA FICO LEAD CONSULTANT at HCL , 10K+ SAP Followers.

发布日期: 2024年9月13日
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R2R:- Reconcile general ledger accounts to ensure accurate financial reporting- Verify account balances, transactions, and journal entries

Identify and resolve discrepancies, such as incorrect journal entries or unbalanced accounts.

Common types of account reconciliations:-

Bank statement reconciliations

Vendor statement reconciliations- Customer account reconciliations- General ledger account reconciliations- Intercompany account reconciliations

Best practices for account reconciliations:- Regularly perform reconciliations to identify and resolve discrepancies promptly- Use automation tools, such as AI or RPA, to streamline the reconciliation process.

Maintain accurate and up-to-date records and documentation

Involve multiple teams and stakeholders to ensure collaboration and oversight

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