Reconciling Received-Not-Vouchered Accounts in RapidReconciler
Ed Gutkowski | Chief Architect RapidReconciler
Customers of the RapidReconciler version 7 product by GSI, used with JD Edwards Software, can reconciler their RNV accounts in the same application they use for reconciling inventory and goods in-transit. Receipt table data is imported and balanced against JD Edwards general ledger details.
The open receipts balance is summarized on the home screen and compared to the general ledger balance. Any difference is calculated as the out-of-balance amount. The “unreconciled” amount is the difference between receipt detail documents (receipts and vouchers) vs the corresponding amounts booked to the general ledger details. Clicking the unreconciled link displays a list of purchase orders with open amounts, filtered to just the ones that have reconciliation issues:
If the receipt had been cleared with a manual voucher in JD Edwards, then you can “suspend” the order within RapidReconciler to remove it from the variance calculations. You can then drill down quickly to line level details to see exactly where the issue lies!
And we are not done … each line can then be analyzed to see which document caused the issue:
Armed with this information, it becomes easy to determine where problems exist and to fix them.
If you are a current JD Edwards RapidReconciler customer, or have an interest in RNV reconciliation, send an email to rrsupport@getgsi.com with RNV for RapidReconciler in the subject line. I look forward to hearing from you!
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