Domain: 1. Enter the Domain identified in OPD matrix (for Country specific operations, Domain = Country Accounting)

Responsibility area: 2. Enter the responsibility area described in OPD matrix ("N/A" for Country Accounting Operations)

Table of contents 

By default the table of contents displays Heading 1 & Heading 2 (other levels can be added)


Scope

3. Remove the icon when not applicable


ERP

4. Remove the icon(s) when not applicable


Frequency

5. Remove the icon(s) when not applicable

 

References



Forms

7. Insert the links accordingly and change the link text with the Form name



Attachments

8. Add the link to attachments or external links


 

 

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1. Objective and Scope

1.1. Objective of this Operation

Reconcile the balances of tax accounts with the corresponding assessments and payments. Clear (offset or adjust) outstanding items to eliminate discrepancies and ensure the integrity of the accounting records.

 

1.2. Scope

Brazilian companies identified by the codes 6409 and 6416. 


2. Definitions

Definitions should be added in the Finance Glossary - Add definition and link it to respective Letter in Finance Glossary 

See Finance Glossary:

  • F-03
  • FBL3N


3. Tasks description


Ensure the accuracy of tax accounting account balances, guaranteeing that they correctly reflect the assessed obligations and payments made; identify discrepancies between accounting records and tax liabilities and, when necessary, document and correct inconsistencies through accounting entries.

3.1. Responsibility:

The responsibility for reconciling accounts related to taxes typically falls under the fiscal or tax department.

3.2. Periodicity: 


The account reconciliation process should be performed monthly as part of good accounting practices and internal control requirements. This procedure ensures that the account balances are accurate and consistent with supporting documents, such as bank statements and internal reports.

3.3. Process:


.Access the SAP transaction: FBL3N

Selection screen:
• G/L Account: enter the general ledger account number.
• Company Code: select the desired company.
• Period: set the date range for the entries.
• Item Type: Open items
• Layout: Choose a personal or collective layout according to your needs.: 


The account analysis must be carried out consistently with the process to which each account belongs. This procedure should follow legal criteria, which must be fully understood by each responsible analyst. After completing the analysis, it is possible to proceed with the account clearing, aiming to eliminate as many entries as possible, keeping only the documents related to the next period and those pending that require specific handling.


Access the SAP transaction: F-03.

Selection screen:

  • G/L Account: enter the general ledger account number.
    • Company Code: select the desired company.
    • Clearing data: Choose a date
    • Period: Current period
    •Currency: BRL

Enter or choose a selection.

Check balances and clear.


End of document.