SAP Business One Certification Practice Exam

What aspect is affected when a manual reconciliation is performed?

1. All account balances

2. Only open invoices

3. The relationship between business partners

4. The processing of payments

The correct answer is: All account balances

When a manual reconciliation is performed, it affects all account balances. This process involves verifying and matching transactions recorded in the accounting system with those from bank statements or other sources. The aim is to ensure that the records are accurate and complete, which inherently impacts the overall balance of accounts. Manual reconciliation helps identify discrepancies between the systems, ensuring that all financial transactions are accounted for correctly. By doing this, it not only ensures that balances are accurate but also contributes to the integrity of the financial reporting process as a whole. Therefore, the outcome of manual reconciliation influences the standing of all accounts involved, rather than being limited to specific items like only open invoices or payments. In contrast, the other options are more specific aspects of the financial management process that are not directly addressed by the manual reconciliation itself. Manual reconciliation provides a broader oversight that encompasses all account balances, making this the most accurate choice.