Functional question on SAP B1

Question

After doing a simple purchase and sale transaction, it seems that my REVENUE GL account remains unreconciled. Can someone help me figure out how to get it reconciled without doing an Adjustment?
i am now playing around with the SAP business one 2007A system and did the following:
1) "bought" 10pcs of apples from vendor using the Purchasing | AP invoice function
2)  "sold" 10 pcs of applies to a customer using SALES | AR Invoice that increased (credit) my revenue.
3) "paid" the 10 apples from vendor using Banking | Outgoing payments function
4) "received payment" from customer for the 10 apples using Banking | Incoming payments function
- so when i go to Business Partners | Internal reconciliation | reconciliation, there is nothing to reconcile for both vendor and customer
- but when i go Financials | Internal reconciliation | reconciliation, and select either REVENUE, it lists the Revenue of 10 apples that need to be reconciled. Similarly, if i select COGS gl acct, and click "reconcile", it lists the cost of goods sold of 10 apples that need to be reconciled.
may i know how i can reconcile this REVENUE, COGS accts without having to do an adjustment? Did i miss any documents that i need to close during that simple purchasing and sales process?
Appreciate your advise please.

Answer 1

Hi,
As per the accounting, the reconciliations would happen between two JE only when there are two same G\L Account/BP involved in  two different JE's.
E.g
Sales Process :
Customer                             |cr| xxxx
    Finished Goods                   |dr|xxxx
when the payment is created
bank             |Cr|xxxx
  Customer       |Dr.|xxxx
So effectively Customer debit and credit gets reconciled. Since the Finished Goods and Bank Account are single entry, then wont reconcile automatically.
Please check the Documentation on the Banking Process, Sales and Purchasing and reconciliations on the Service Market Place > Documentation resource centre.
Kind Regards,
Jitin
SAP Business One Forum Team