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pripley
Occasional Member - Level 1

Reconciling Credit Card payments to expenses transferred from Concur

Hello
Each month we export credit card transactions from Concur to our accounting system. Each month we make a payment to Amex for the amount paid on the company card. But the amount paid to Amex might not agree to the transactions approved and submitted in Concur so there is a balance on the Accounts Payable control account.
How do people normally reconcile this balance? Is there any way to do this in Concur?

Thanks
Paul

1 REPLY 1
HendrikV
Occasional Member - Level 1

Hi,

Depending on the ERP system, you might want to consider using a reconciliation account in your ERP system. You post the line items of the AMEX invoice against the account as well as the credit card transaction posted from SAP Concur. Based on a key (often used is the transaction number), the ERP system shows you automatically the open/non reconciled line item entries.