Intercompany Reconciliation

This guide will provide the process of running the Intercompany Reconciliation process in Oracle fusion.

To access the reconciliation work area, click on the Reconciliation submenu under the Intercompany Accounting menu.

To run the Intercompany Reconciliation process, click on the Run under the Actions tab.

After entering all necessary information, including the Ledger, Legal Entity, Accounting Period, etc., click the Submit button.

A confirmation message is displayed along with the Process ID. Click on the OK button to continue.

To check process status, click on the Scheduled Processes submenu under the Tools menu.

Click on the Refresh Icon to update the Process Status.

Once the Prepare Intercompany Reconciliation Reporting Information process is completed successfully reconciliation report will be generated.

Once the Prepare Intercompany Reconciliation Reporting Information process has completed successfully. Click the Refresh icon to view the Reconciliation Period Summary report. This report displays the intercompany receivables and intercompany payables balances in summary for a period, and any differences between them.

Period summary consists of summary of transactions performed between Provider and Receiver Legal entity for the specific period. Click one of the Entered Amount Difference in Transaction Currency value to view the Summary by Source report

To download the report, click on the Download under the Actions tab and select appropriate format.

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