The standard report 'Outstanding Items Creditors' shows all open items of all creditors on the chosen reference date, categorized based on age. This information can be used by the accounts payable administration.

The final step in the period closure is managing the financial reporting. Once all financial transactions are correctly processed, various reports can be generated in MKG. This includes not only mandatory reporting to the Tax Authorities but also various internal reports.

To be able to create financial reconciliations with subledgers, not only the financial setup of MKG is important, but also the correct reports to verify these reconciliations. This article shows the relationship between the reconciliations and the reports and dashboards.

If you use MKG in the Basic financial setup, there are few or no restrictions on the daily operations with MKG. The only thing to keep in mind is that, in case of a serial number change, this change will be applied immediately the moment you save the control variables.