Reconcile Cash Flows - Intraday
Application component: Cash Operations
App type: Transactional
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Cash and Liquidity Management (S/4 CLD)
Description:  With this app, you can manually reconcile intraday bank statement flows with forecasted cash flows. This feature enables you to compare your intraday bank statements with your forecasts before end of business. This way, you can easily identify unfinished and unknown payments in time. It also helps you eliminate duplicate items in forecasts to gain a more accurate account of your cash positions. Note There are two apps available for cash flow reconciliation. You can choose only one of them to perform cash flow reconciliation. For more information, see Feature Comparison for New and Old Models for Cash Flow Reconciliation. 
With this app, you can manually reconcile intraday memo records that were generated automatically from intraday bank statements with forecasted cash flows. This feature enables you to compare your intraday bank statements with your forecasts before the end of the business. This way, you can easily identify unfinished and unknown payments in time. It also helps you get rid of duplicated items in forecasts to gain a more accurate account of your cash positions.
Key features:    Manually reconcile intraday bank statement flows with forecasted cash flows You can do so either on bank account level or on item level:   Bank account level: On the overview page, select bank accounts with the status Unreconciled to perform reconciliation.   Item level: Choose a bank account with the status Unreconciled to open the details page where you can see items of intraday bank statement flows and forecasted flows displayed side by side. You can select the items from both sides or only intraday bank statement items to perform reconciliation.     Check the system-proposed residual amount and decide whether you want to create a residual flow or reconcile without it. When the forecasted cash flows do not match the intraday bank statement flows, you may still want to reconcile the two parties. You can reconcile both parties directly and ignore the difference, or you can manually create a residual flow to keep track of the unreconciled forecasted cash flows. The residual flows are created in the form of memo records with the memo record category Residual Forecast. You can see the residual flows and reconcile them with new intraday bank statement flows in the next round of reconciliation.   Monitor the reconciliation status of all relevant bank accounts     Reconciliation Status   Meaning      Reconciled   The bank statement flows of this bank account are completely reconciled with forecasted cash flows.     Unreconciled   Some bank statement flows of this bank account are not yet reconciled.     Not Applicable   The bank account has not been reconciled and currently no bank statement flows are available for reconciliation.        Undo reconciliations for a reconciliation bundle and reset the status of the items involved to Unreconciled    Check the reconciliation result in the Short-Term Cash Positioning app.   
Business roles: Cash Management Specialist| Cash Manager
Cash Management Specialist : 
Executes cash transactions and centrally manages bank accounts with a wide range of attributes, including overdraft limit and signatories, utilizing approval process for opening or closing bank accounts, and the regular inventory/auditing process.

Cash Manager : 
Is responsible for overall liquidity status of group corporate, executes cash transactions and centrally manages bank accounts with rich attributes, including overdraft limit and signatories, approves for opening or closing bank accounts, etc.