Vendor Recon

The aging extraction for the Quarterly Top Vendors t-code is ZCFINR005.

• True

• False

Roll-over balance report is a monthly activity to satisfy the requirements of external auditors and to keep track on the movement of Q4 (November aging) top vendors throughout the year end.

• True

• False

The role and purpose of Vendor Recon team in preparing the JTR & GCH intercompany reconciliation is to check the intercompany transactions from Accounts payable and GL account of the company’s entity.

• True

• False

Answer explanation

(Accounts Payable and Accounts Receivable)

The objective of the reconciliation is to ensure the AR and AP are both balanced and there is no missing GR or GI at the respective store or Distribution Center (DC).

• True

• False

Answer explanation

(Accounts Payable and Accounts Receivable)

FAGLL03 is used to extract the details of Vendor Open & All items

• True

• False

Answer explanation

FLB1N

The frequency of SRS report is once a year

• True

• False

Answer explanation

twice a year

For t-code ZCFINR03201 - FICO-040:GL Display -> Trial Balance by Profit Centre, the GL accounts 2000100000,2000107000 &2000108000 are used to generate the data for Tab A60 Interco Bal Oth of the SRS report

• True

• False

Under Appendix 1, if an invoice does not have available GRN (both SAP & B2B), the reconciler should request the proof of delivery (PO, GRN/Delivery Note) and invoice copies from the vendor.

• True

• False

For Appendix 2 & 10 invoices, if the variance is below +/-10MYR, reconciler will inform the vendor that the items are considered as closed in the reconciliation due to minimal variance

• True

• False

If variance is more than +/-5MYR, reconciler will inform the vendor that the items are considered as closed in the reconciliation due to minimal variance.

• True

• False

Answer explanation

(reconciler to confirm with vendor if variance will be adjusted on their account or should be issue CN/DN)