Easily reconcile your logistics and accounting inventory.
Account & Inventory Reconciliation (AIR) developed by our Dutch Partner Cadran Consultancy enables you to automatically match journal entries and inventory transactions. This means that the balances of your suspense and inventory accounts are always up-to-date. AIR allows you to easily correct variances with just one click. You can even combine multiple accounts into a single reconciliation process and monitor more complex processes like validating intercompany transactions.
The included inventory reporting gives you an accurate view of your inventory by financial period. The built-in inventory integrity software supports an automated periodic integrity check, so you will know if your inventory is reliable, for both the quantities and the total value. You an also do ad-hoc inventory reporting. The AIR module contains four main functionalities:
The tool enables you to reduce the number of errors in your financial books. Just add your accounts to the list of accounts to reconcile, set the correct summary/sequencing fields to group transactions together and start reconciling. Or even better: reconcile automatically, for instance each night, weekend, month end or on demand.
The Account & Inventory Reconciliation module contains all you need to get a grip on your inventory reporting. Inventory Reconciliation matches the item ledger transaction with the GL transactions to identify discrepancies. Inventory Reporting accurately reports your inventory as of month-end (retroactively). Inventory Integrity validates your item balances and current value (quantity times cost).
Using the full power of the Account Reconciliation functionality, Inventory Reconciliation extends the general ledger transaction with the inventory transaction from your Item Ledger, allowing you to match the general ledger with inventory on the transaction level.
AIR contains an ‘Advanced Item As-Of’ reporting solution. Generate your inventory As-Of based on your inventory transactions (retroactively, as far back as needed) and review the results with the application. Review this by inventory account (the variance with your General Ledger is calculated automatically), by branch or drill down to item/lot/location level or even down to the individual transactions.
Redfaire is not just a supplier to us, but a strategic partner. Thanks to Redfaire’s outstanding support of our Oracle ERP system, and their technical know-how around Cloud, we have an extremely cost-effective and user-friendly ERP system.
We know that we are in safe hands and issues get resolved quickly and efficiently.
Developed with the JDE toolset, there is no need for additional servers or databases and your users benefit from the familiar look and feel of JD Edwards.
Data is stored in the same database as your other JD Edwards data and is automatically part of your data set. Your normal reporting tools can be used to create additional reports and software updates move from development all the way to production just like your other JD Edwards upgrades and modifications.
Use queries, personalized grids, watchlists, notifications and orchestrations as you see fit to enhance user experience and improve your processes even further.
Speed up your month-end processes with Account & Inventory Reconciliation.
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Join us at INFOCUS '26 in Denver, September 21st-23rd. We are proud to support this event and the US JD Edwards Community.
We are excited, as always, to be attending BLUEPRINT 4D. Come and see us to talk to our team about all things JD Edwards. Our international team is 100% focused on JDE. JD Edwards is in our DNA, so whatever your JDE needs, we can help you.
On the eve of Oracle AI World London, join us in the heart of London at the Royal Leonardo Hotel on March 23rd for a day of focused, high-level discussions, networking, and learning with your peers from the Oracle Applications ecosystem.
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