Regarding REconciliation GL account for Sundry creditors

Dear all,
Issue is like that,
I have one vendor with which i have assigned reco. account 28000. I have already passed postings.
Now i have changed in same vendor master reco. account 28010 from 28000.
Now the problem is that the entry already posted before changes it shows in 28000, i want to transfer it to 28010.
How can i change it..........?
Regards
Amit

Hi,
You can clear the old items posted in 28000 with the other leg in suspense / clearing GL Account.
Once the above is done, please post once again to Vendor clearing the suspense / clearing account.
Ensure that the suspense / clearing account does not have any open items.
The lines are transfered to new recon account.
Hope this helps, if yes, please assign points.
Regards,
Sankar

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Offsetting Account for Sundry Debtors and Sundry Creditors

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I want to create offsetting account for Sundry Debtors and Sundry Credtitors.Where to create it.
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Hi,
Purchase Offset Account
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Mansoor

Sundry creditors account shows Dr. Balance

Hi,
I create the a credit memo for retention for supplier invoice. Instead of paying that credit memo I paid that retention amount by applying one standard invoice with out match with the credit memo. So, sundry creditors shows dr. balance. To decrease the sundry creditors debit balance I cancelled the credit memo. I am unable to void the payment of paid invoice , because it's already paid & reconciled. So there is no scope to void the payment & make the adjustment of invoice with the credit memo & paid the credit memo. So, I cancel the credit memo. Once I cancelled the credit memo it shows the Dr. balance in retention.
Q- Can any one suggest that how can I adjust that Debit balance in retention account which is already paid?
Regards,
DKN

Hi Poornima,
The best way of determining what the correct figures are is to query the jdt1 table (journal entry rows).
The business partner can be found in the field shortname and then sum debits and credits to get the true balance of each Business Partner. Please note that the figures in jdt1 should be the true value in case there is a difference.
To work in the right direction it is important to break down the figures and that way identify where the difference is coming from. The break down can be by BP and date period. Also please check if the BPs are using multiple Control accounts if some figures are hidden there.
Please note that the most common reason when these kind of issues are reported is that some of the report criteria has been defined in a way that will lead to differences. That is speaking from my own experience.
Hope it helps.
Jesper

Change Reconciliation Account for customer.

Hi All,
I want to change the Reconciliation Account for customer. it is giving me message that Account has been posted to; hold balance sheet adjustment (Message no. F2067). How do I change it.
Thanks
Utpal.

Hi
Make the reconciliation account balance nullify by tranferring to new GL Account and the nassing new one
Assign points if useful,
Regards
Raj

Change in reconciliation account for AP

Hi,
    I would like to change the reconciliation of many vendor master from recon account 1234 to 2222. (1234 will not be used and if possible, to be blocked for posting)
    There will not be any impact in the financial statement version because both recon. accounts are grouped under the same header "Accounts Payable".
   Am I right to do the following steps :
1.    Do I need to configure adjustment entries for account for 1234 to adjustment account 9999 ??
2.    Change the recon. account in master data from 1234 to 9999.
3.    Do I need to execute program FAGL_CL_REGROUP (Balance Sheet adjustment program for New General Ledger) ?   Bearing in mind, that there will not be any impact to the Balance Sheet.
4.    With the recon. acccount now changed to 9999, how will the open item in 1234 get cleared ? As new postings to the changed vendor will now be posted to 9999.
Thanks and regards,
Leslie
   Regards,
   Leslie

Hi,
    I would like to change the reconciliation of many vendor master from recon account 1234 to 2222. (1234 will not be used and if possible, to be blocked for posting)
    There will not be any impact in the financial statement version because both recon. accounts are grouped under the same header "Accounts Payable".
   Am I right to do the following steps :
1.    Do I need to configure adjustment entries for account for 1234 to adjustment account 9999 ??
2.    Change the recon. account in master data from 1234 to 9999.
3.    Do I need to execute program FAGL_CL_REGROUP (Balance Sheet adjustment program for New General Ledger) ?   Bearing in mind, that there will not be any impact to the Balance Sheet.
4.    With the recon. acccount now changed to 9999, how will the open item in 1234 get cleared ? As new postings to the changed vendor will now be posted to 9999.
Thanks and regards,
Leslie
   Regards,
   Leslie

Purpose of Reconciliation account for customer

What is the purpose of Reconciliation account assigned in customer master. Wehn it gets posted and how it is used ? Do all customer share the same Reconciliation account ?

Reconciliation - as the name suggests is used for Reconciliation of customer balances.At any point of time i can login into T.code FS10n and give the reconciliation account number and check the balances due from customers.
EX: In your Company code you have 2 customers. All the customer master records are populated with reconciliation account YYYYY in the Company code data.
When ever the system records a sale transaction, the following FI entry is passed:
Customer Account Dr
to Sales A/c Cr
The accounts updated here are Customer account, sales account as well as the Reconciliation Account.(because we have entered this in master record of the customer,it also gets updated in real time)
If i have done Rs.1000 with customer X(with recon account YYYYY entered in the master record)Rs.2000 and with customer Z(with recon account YYYYY entered in master record), the total balance of recon account would be Rs.3000.
<b>
Do all customer share the same Reconciliation account ?</b>
Depends on the clients requirement. if he wants separate recon account for a bunch of customers say government agencies, then the Fi consultants can create additional recon account.
Regards
AK
Please reward points if helpful

Different Reconciliation Accounts for One Vendor

Hi Gurus,
Please tell me how can i use different reconciliation accounts for one vendor?
Thank You
Regards,

Hi,
Follow the below steps
1)IMG--Financial Accounting (New)Accounts Receivable and Accounts PayableBusiness TransactionsPostings with Alternative Reconciliation Account--Define Alternative Reconciliation Accounts
2) In the GL master for the recon. account of your vendor master check the box in CBI tab for "Recon. acct ready for input"
3) Check the box for "Recon. acct ready for input" in the other recon. accounts which you want to use for this vendor.
So at the time of posting suppose vendor invoice the recon account filed becomes active and you can enter the required recon account you want to use
Reagrds
Pratiksha
*Assign points if useful

Using reconciliation account for banks

hi all,
we are discussing using reconciliation account for banks, we dont want to create an account per each of bank accounts in account chart.
for example
xxx account for ABC Bank in account chart.
and eur, usd, gbr accounts for ABC Bank will be assinged the account which is above via reconciliationing
but we are not sure, is it a good way to do in sap system? or what is plus/minus calculation?
we will be appreciated to see your valuable comments and ideas in this thread.
thanks

Hi,
Don't call it reconciliation, though. Technically, several bank accounts could be assinged to one G/L account. But it will have certain impacts on business process as the reconciliation of bank statements would be more difficult to handle.
Regards,
Eli

Account is not a reconciliation account for FI-CA

Hi Experts,
During invoicing we are getting the following error:
Account 1000 xxxxxxxx is not a reconciliation account for FI-CA
Message no. >0229
Diagnosis
G/L account xxxxxxxx in company code 1000 is not classified in the master record as a reconciliation account for account type 'V'. You can only use accounts of this type for business partner items.
System Response
Error message: the posting cannot be generated.
Procedure
If the account number specified is correct, change the account master record so that the account can be used as a reconciliation account for account type 'V'.
If you do not want to use the account number specified, correct automatic account determination for receivables accounts in contract accounts receivable and payable (FI-CA).
Please suugest me the required solution for this.
thanks and regards
Deepak Rana.

Hello,
You need to attach Recon account <Type : Contract Account Receivable & Payable> in EK01 for the MT = 0100/0200/0300.
Or Alternatively you can change the existing GL account to Recon account in FS00 as suggested by Cris. But if you already have balance in the aforesaid GL Account in FI, you cannot change it.
Hope this helps
Rgds
Rajendra

Reconciliation account for customer

Hi Experts,
While creating customer in customer master ,the system asks for " Reconciliation account".Can anyone explain how to create " Reconciliation account" for customer?
Regards,
Randhir

Hi Randhir,
Use Tcode FS00 to create a reconciliation account, just as you create a normal GL account.
Reconciliation account is a balance sheet account.
Under the Control Data tab Update the field Recon.account for acct type with customers.
Use this Reconciliation account in Customer master data..
Hope this helps you..
Regards,
Praisty

Reconciliation account for fico

Hi SAP GURUS,
Please explain the need of reconciliation account for fico in ECC6.00.
Thanks
CHEERS
Moderator: Please, search available SAP info (including SDN itself) for basic questions

Dear Milind,
There is account payable and account receivable and asset account in Balance sheet report, and Normally there are a lot of vendor and customer and asset existed in one Company code, then SAP consider how to make the balance of account payable and account receivable and asset account existed in general ledger account and reflected in B/S report, then reconciliation account is used.
The reconciliation account are general ledger account assigned to business partner master records( vendor/customer/asset) to record all transacdtiuons in the subledger.
All postings to te subledger accounts are auto. posted to the assigned reconciliation accounts, the general ledger is therefore always up to date.
Hope the above explaination could helpful to you to understand the reconciliation account!
With Best Regards,
Gladys Xing

Change of Reconciliation account for Customer/Vendor.

Dear All,
I need to change the reconciliation account for customer, after changing recon account i want the balance from the old recon account to be transfered to new recon accont.
Please suggest.
Thanks & Regards

Hello,
Once you made any change of reconciliation account in customer master, you are required to execute F.5D.
Please read the documentation available on this.
This will adjust the postings made to old reconciliation account to new reconciliation.
Hopefully, it should solve your problem.
Thanks,
Ravi

Issue regarding to change taxcode in tab Gl-account for T.cod MIR7

Hi Expert,
I have issue regarding Tax code in Tab Gl-account for t.cod MIR7 which come by-default , i wan to change that taxcode based on purchase order number which also have tax code with multiple line item in tab PO Refrence,,i want first taxcode of tab PO Refrence to be copied in first line item of tab GL-account based on po number ,can anyone put a light on this issue with priority..
Regard's,
shaikh khalid.

Hi,
You can clear the old items posted in 28000 with the other leg in suspense / clearing GL Account.
Once the above is done, please post once again to Vendor clearing the suspense / clearing account.
Ensure that the suspense / clearing account does not have any open items.
The lines are transfered to new recon account.
Hope this helps, if yes, please assign points.
Regards,
Sankar

Alternative Reconciliation Account for Customers

Dear all,
I have to define Alternative Reconciliation Account for Customers but I don't understood relationship between Reconciliation Account for Customers and Special GL account.
Please give a detail example about business scenanio that use these account.
Thanks so much
Minhtb

Hi,
Normally a ledger of any party will have two balances
- Normal balances-
- Balances with Special GL Postings
Items like Down Payment request, Down Payments, Security Deposits etc., are treated as special GL Postings for ease of understandability.
However a link has to be maintained between recon accounts (for the party) and the SP GL Indicator.
Hence we assign an alternative recon account also for the main recon account for sp GL postings
Cheers
Points Please!

Two reconciliation account for same one time vendor

Is it possible to have two reconciliation account for same one time vendor?

Hi
1.Two reconciliation account for same one time vendor IS NOT POSSIBLE.
2.create 2 vendor master for the same ONE TIME VENDOR and maintain the recon account accordingly
3.Multiple recon a/c can be assigned to a vendor only thru spl g/l indicators but if u go thru this way then we cant use the purchase flow of PO-MIGO-MIRO . Vendor invoice can be passed only thru fb60 using spl gl indicators. Spl gl indicators cannot be used in MIRO.
Check which will help u
Thx
Raja

Regarding REconciliation GL account for Sundry creditors

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