Key Points of reconciliation check for each module of K3 System

K3Key Points of reconciliation check for each system module

 

1, General ledger and supply chain reconciliation   Inventory items in the general ledger (such as "raw materials", "semi-finished products", "Finished Products", "inventory goods", and "low-value consumable products) the balance must be the same as the cumulative amount of the corresponding category of the initial inventory. If an inventory is calculated based on the planned cost method, the balance of the inventory cost difference subject in the general ledger (such as the material cost difference) must be equal to the cumulative amount of the initial inventory. You can use the "supply chain-inventory accounting-final processing-final settlement-reconciliation" function for reconciliation.   If another item of stock for procurement is set up under the raw material inventory section of the general ledger (for example, "raw materials-materials temporarily estimated ), the remaining balance must be equal to the cumulative amount of the initial purchased warehouse receiving ticket.   The remaining balance of the general ledger procurement temporary estimate Account Payable account (for example, "Payable-material temporary estimate") must be equal to the cumulative amount of the initial temporary estimate purchased warehouse receipt form.   The balance of the issued goods inventory subject (for example, "(in installments) issued goods" and "Entrusted consignment goods") in the general ledger must be equal to the cumulative cost of the initial unwritten sales warehouse picking ticket.   If the remaining half-products inventory subject under the general ledger is set up with additional sub-products, such as "half-products-processing fee estimates ), the remaining balance must be equal to the cumulative processing fee of the initial outsourced warehouse receiving ticket.   The balance of the remaining amount of the remaining accounts (for example, "Payable-processing fee temporarily estimated") in the general ledger must be equal to the cumulative processing fee of the initial temporary processing warehouse receiving ticket.   The balance of the outsourced inventories (such as delegated materials) in the general ledger must be the same as the cumulative cost of the initial uncompleted outsourced warehouse picking order.   2, General ledger and receivables management reconciliation   Accounts receivable and pre-paid accounts of the general ledger (such as "accounts receivable" and "pre-paid accounts) the total balance must be the same as the total value of the accumulated Price Tax of the VAT invoice, General invoice, other receivables, and pre-receipt according to the current subject. You can use the "finance accounting-receivables management-initialization reconciliation" function for reconciliation.   The balance of the bill receivable account (for example, the bill receivable account) must be the same as the cumulative amount of the bill receivable.   3Reconciliation of general ledger and payable Management   Accounts payable and prepaid accounts of the general ledger (such as "accounts payable" and "Prepaid Accounts) the total balance must be the same as the total price Tax of the VAT invoice, General invoice, other payables, and prepaid account. You can use the "finance accounting-payable management-initialization reconciliation" function for reconciliation.   The balance of the bill payable account (for example, the bill payable account) must be the same as the cumulative amount of the bill payable account.   4, General ledger and fixed asset management reconciliation   The original fixed asset value and Accumulated Depreciation account (such as "Fixed Assets" and "Accumulated Depreciation") of the general ledger must be the same as the original value of the initial card and the accumulated amount of the depreciation account. You can use the "Financial Accounting-Fixed Assets Management-final processing-automatic reconciliation" function to reconcile. If the original value and depreciation subject have a detailed account, you also need to subscribe to the detailed account manually.   5, General ledger and cash management reconciliation   The balance of the inventory cash account (such as "cash") in the general ledger must be equal to the cumulative balance of the cash. You can use the finance accounting-cash management-cash reconciliation function for reconciliation.   The balance of the bank deposits (such as "bank deposits") in the general ledger must be equal to the cumulative balance of the bank deposits. You can use the "Financial Accounting-cash management-bank deposits and general ledger reconciliation" function to reconcile your account.   6, General ledger and cost management reconciliation   The balance of the basic production cost subjects (such as "Production Cost-basic production cost") in the general ledger must be equal to the cumulative balance of products in the beginning of the period.       Other payables in the current transaction and other receivables must be based on the subjects corresponding to their credential template. Not all payables or receivables are calculated, some accounts are included in other receivables or payables. (This is not very clear and requires verification)