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Account & Inventory Reconciliation

Accelerate your monthly and annual closing and have your logistic inventory match your accounting inventory.

Account & Inventory Reconciliation for JD Edwards automates journal entries and inventory transactions. This keeps your suspense accounts and inventory accounts always up-to-date. With one click you can correct discrepancies and reconcile multiple accounts simultaneously. The tool offers reliable stock reports, periodic integrity checks and the ability to generate ad hoc reports.

This saves you time, reduces errors and gives you more control over your financial processes. We help you make your workflows and reporting more accurate, which ultimately creates more efficiency within your organization. With this solution, you can confidently close your books and focus on what really matters.

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Key Benefits

Save time: Efficient user-friendly reconciliation
Produce accurate info for your accountant and save on audit costs
Reduce errors in accounting
Identify incorrect transactions and correct your processes
Reliable inventory reporting and explanation of your balances
All within your JD Edwards software

All the tools you need in 1 bundle

Account Reconciliation

During month-end reconciliation, one of your tasks is to accurately specify suspense accounts, which is often time-consuming. Account & Inventory Reconciliation is the Oracle JD Edwards add-on that optimizes this process for you. The tool helps reduce errors in your financial books and allows you to automatically reconcile, for example, daily, weekly or month-end, and even manually if needed.

All signed-off transactions are given a unique reference, allowing you to group them for track and trace. You can also create “as-of” reports to explain the account balance by period, even for earlier periods. For more complex situations, you can relabel multiple accounts as one and use advanced tolerance settings.

Inventory Reconciliation

The Account & Inventory Reconciliation module links general ledger transactions to inventory transactions, allowing you to match general ledger and inventory at the transaction level.

Matching your inventory to your general ledger on a daily basis gives you insight into any discrepancies that become immediately visible the next day. This prevents surprises at the end of the month. This allows you to address any corrections due to setup or costing issues much sooner. Automatic corrections for rounding differences make the process even more efficient, so you can focus on larger differences.

Inventory Reporting

The module provides a comprehensive reporting solution, ‘Advanced Item As-Of’, which allows you to report your inventory. You can easily generate an ‘As-Of’ inventory report based on inventory transactions and view reports by inventory account, branch, item, lot and location.

For each year or period you have a beginning balance, the stock movement for that period and your ending balance. Deviations are explained by non-cleared transactions. So you always have a clear and reliable overview!

Inventory Integrity

The Account & Inventory Reconciliation module monitors the integrity of your inventory by performing daily or weekly validations. This prevents discrepancies in both quantity and value, which is crucial because all logistics processes rely on the availability of correct inventory data.

Validating your inventory integrity thus becomes a simple process that can be done without lengthy reports. You can view any errors and alerts immediately and take corrective action where necessary, even without interrupting your business processes.

Full JD Edwards Integration

Account & Inventory Reconciliation was developed with the Oracle JD Edwards toolset and fully integrates into your JD Edwards environment.

This seamless integration provides a familiar look-and-feel for end users without additional servers, databases or specialized knowledge. Standard JD Edwards security applies, and you can easily use normal reporting tools to generate additional reports.