1. Accounting Foundation Cloud Service Core Functions
  2. Balance Reconciliation
  3. Configure Type of Reconciliation
  4. Type Configuration
  5. Management Ledger to Product Processor

16.4.1.3 Management Ledger to Product Processor

The General Ledger Data will be ingested from Accounting Hub Cloud Services (AHCS) into GL Ledger table in Accounting Foundation Cloud Services (AFCS). The Product Processor (PP) table will be ingested from the external data source. BCE data is the output of the Balance Compute Engine generated balances from Journal and Transaction entries.

Figure 16-1 Management Ledger to Product Processor workflow


This image displays the Management Ledger to Product Processor workflow.

The BCE revalued output data to be reconciled against General Ledger data and Product Processor data as shown in above diagram 4 and 5.

The Management Ledger to Product Processor Reconciliation identifies the difference between ML system and Product Processor data. It nullifies the difference by posting the adjustment entries up to the amount of difference.
  • If the reconciliation difference is greater than the threshold value, the difference is reported.
  • A threshold is a specified Product Processor level and these values are specified as a percentage or an absolute amount. The percentage value represents the difference in percent to the Management Ledger side amount.
  • If the threshold is specified as an amount, it must be read in connection with a currency of the threshold amount. The reconciliation difference is reported in the base currency. If the currency specified here is different from that of the reconciliation dimension, the difference amount must be converted in the threshold currency using the exchange rate of execution date or the latest available rate of the five preceding days.
  • While reconciling Management Ledger and Product Processor, differences can arise in two ways:

    When the Management Ledger Amount is greater than the Product Processor Amount.

    OR

    When the Management Ledger amount is less than the Product Processor amount.

  • Therefore, there are two threshold values to address differences arising out of this condition. For more information, see Target Parameters.

Note:

The predefined dimension, Account is applicable only for Management Ledger to Product Processor Type Configuration.
Topics:
  • Settings
  • Dimensions