Record to report / R2R – Reconciliations – Workflow
Customer / Vendor
We saw how a general ledger to sub-ledger reconciliation is also very similar to other standard reconciliations.
We had also mentioned, that in a customer / vendor reconciliation, an approval committee will also be needed. You could trigger a dispute resolution workflow, in place of the simple approval as shown by me in the below workflow.
The rest does look familiar…. You can click on the image for a larger view..
Have you been following our accounting blog?
Subscription and Guest Post:
You may subscribe to the blog from the subscription box on the opening page of the blog. We have enabled a button on the top of the first page, which will enable you share your posts. If you wish to write about any of the current streams, you can do it at http://faoblog.com/guest-post/. We will review your post and release it within 48 hours of your posting. Please note, any irrelevant posts shall be deleted without information.