Version 3.4.0 of Account & Inventory Reconciliation delivers greater speed and insight in JD Edwards

Version 3.4.0 of Account & Inventory Reconciliation delivers even more functionality to improve your data accuracy and insight in JD Edwards.

The latest version of our Account & Inventory Reconciliation solution (AIR 3.4.0) is now available. This update helps organizations speed up reconciliation, detect inventory discrepancies earlier and resolve integrity issues immediately.

Improved usability and easier to handle discrepancies

Reconciliation becomes even easier with this release. Temporary overrides for the account setup are now available, which means specific settings can be adjusted temporarily to solve an issue without changing the regular setup.

Do you want to check the unreconciled items as of end of last period? Now you can build the workfile to include just those records for a quick validation. Reversing old incorrectly reconciled records (for example reconciled with other programs) can now be done with one approval for all selected records.

You can also schedule automatic runs up to and including yesterday. This creates a clearer cut-off moment, makes scheduling easier and helps prevent mismatches caused by transactions that were created after posting jobs had already run.

Major inventory reporting enhancements

The Advanced Item As-Of reporting has been significantly enhanced. The number of assignable columns is expanded from 14 to 30, and the ‘account from previous periods’ transactions can now be assigned to columns as well. This gives organizations more flexibility in how they structure and analyze inventory.

The reporting also allows for different date patterns to accommodate for instance for weekly, biweekly and quarterly reporting. This makes it easier to align AIR reporting with your own reporting requirements. A new program has been added to keep your existing reporting up to date by adding new transactions each night. By setting this report to include transactions up to and including yesterday, both reporting and inventory reconciliation can be setup to reflect the same date range to have an up-to-date overview of possible discrepancies.

Correcting inventory transactions, for example to fix an incorrect transaction date, exclude non inventory items that are accidentally included (like outside operation items) and correct reporting quantities due to an incorrect UoM conversion factor is now possible as well. And of course, all changes are logged for tracking and reporting. To help identify incorrect transaction dates, alerts can be set when generating the item ledger tag file. This helps flag transaction dates that may be incorrect, for example after adding new records to existing inventory adjustments or due to reversing old inventory transactions without correcting the transaction date.

Resolve integrity issues faster

When you on-hand balances are incorrect, they can now be corrected with the push of a button. This change is automatically recorded for track-and-trace purposes. This removes the need for SQL updates and helps users resolve issues faster.

With AIR 3.4.0, organizations can reconcile faster, improve the accuracy of inventory reporting and resolve integrity issues in JD Edwards with more control. This helps reduce errors, identify discrepancies earlier and strengthen the quality of both financial and inventory data. As a result, this release is a valuable next step for companies looking to further improve reliability and efficiency in their processes.