Asset recon account

hi,
hope to get advice by point form.
1 may i know why acquisition account and accumulated depreciation account is reconciliation account?
does it mean both of them is reported in GL whereas the asset is in asset module just like customer number sitting in AR and customer recon account sitting in GL?
2 may i know why accumulated depreciation account is a reconciliation account? i know that depreciation account is p&l but why accumulated depreciation account is a recon account?
thanks

Hi,
Asset acquisition is similar to customer/vendor in the way that it really does not matter what is the actual asset you are buying as far as finance is concerned. As long as depreciation is going to be similar, all the assets in that depreciation bracket can be grouped together. Hence at the ledger level it is just 1 balance sheet account for similar kind of assets. Hence asset acquisition account is a balance sheet account/recon account and this is assigned to the asset.
Similarly cumulative depreciation is a provision for depreciation account and also it is the depreciation for the total life period of the asset. Hence it cannot be P/L account as it will include all the fiscal years and is not just an expense. It is a liability. Hence it is a balance sheet account. Moreover similar to acqusisition account it can be common for all similar kind of assets. Hence it is an asset recon account.
Regards,
Ravi

Similar Messages

Error:"Transaction type is not valid in GL Account(Asset Recon)",MIRO

Hi,
We are getting an error "Transaction type is valid in GL Account XXXX" while posting invoice through MIRO. This GL account is Asset recon. account.The PO is created for asset aquisition for a quantity of 9.
Initially GR was done for 9 but IR was created for 8.
Later when we tried to post invoice for 1, we are getting this error.
Can anybody tell me the probable reason behind this error?
Thanks,
Mano.

Hi Mano,
could you please give me the code of the error message.
regards Bernhard

GL Account Report for a Recon Account

I am trying to find a report for a asset recon account that will give balances by profit center and by cost center (with descriptions). We are usibg business areas so need to break it up by business area and period.
Is there any standard report available for this purpose or what other options are available to get this type of information out of SAP?
Edited by: Pete on Oct 10, 2008 4:27 PM
Edited by: Pete on Oct 10, 2008 4:51 PM

Please try with the followings report. They are in drilldown format
S_PL0_86000030
S_PL0_86000031
Hopes its help

What is the path or TC for changing control of recon account in vendor

Hi Gurus,
Pl tell the TC or Path for changing the reconciliation account control for vendor as like in asset recon account.
Pl itsUrgens
Thanks in advance

Hi:
What i guess from your requirement that you need to control the field Reconciliation account, some users should be allowed to change the recon account and other should be restricted from doing so? If i am right then you can do that easily with the help of BASIS guy. F_LFA1_AEN Customer: Change Authorization for Certain Fields will do the needful for you.
Ask your Basis consultant to implement authorization's checks against F_LFA1_AEN for this Transaction code for the user profiles as desired by you. Before that do the necessary customization in SPRO as follows:
Define your change groups in the task level menu of Financial Accounting >A/R & A/P -> Credit management -> Define Field group-> Assign Fields -> Groups.
While assigning you can find the field LFB1-AKONT . Your issue will be resolved.
Regards

Recon accounts- Open item managed

Hi All,
I have a doubt in Reconciliation accounts of Vendor/ customer & Assets. When we create a reconciliation account in GL master, it was created as non open item. but it is behaving as a open item. This function is working only for vendor & customer. why it is not working for Asset cases?
Regards,
Usha

Dear Usha,
Structure of handling transactions of Vendors/Customers is different from Assets. For Vendors/customers we don't have any depreciations and retirement type of transactions. We will maintain only two types of recon (normal & Special).
But if you see from the Asset Perspective its different. We have to do the depreciation, Asset retirements as well as the Asset Transfer. All transactions are belongs to the same asset but the treatment is given differently. For example for Depreciation also we have a recon account.
If we maintain only one Recon like AP/AR then it is very difficult to analyze these data differently. May be that is the reason SAP configured the Asset Recon account in this way. hope its helpfull. thanks
Regards,
Ahemmed

Fixed Assets GL Accounts

Hi,
We have uploaded the fixed assets and after uplaoding the same ran the Asset Balances Report to veiw the details of the acquisition costs and accumulated depreciation in respect of the uploaded assets. The Report is running fine, however, when we view the GL Accounts, using the T Code FAGLL03, the account does not show any balance and the message appears "No items selected". Also when we run the GL Balances Report using the T Code FAGLB03, the message appears "No data found for fiscal year -
". Could any one advise as to why this is happening and what could be the remedy for this ?
Thanks in adavance

Hi
Also Follow the below steps to complete your legacy data upload for asset accounting.
When the asset is uplaoded from legacy only the asset account gets updated and not the GL.
To update the GL you have to go to T.code-OAMK reset your Asset recon accounts and take the balace in total for each GL and do posting maually via T.code-OASV.
After completion of posting you have to again reset the recon accounts via OAMK.
Hope this helps
Good Luck
Hari

Asset Recon GL changes

Hi SAP Experts,
We have a sceanrio where Asset Recon GL has some amount against PO. These balances were there from 2012, now client has identified these should not be there, so when MM team try to reverse entry system ask for cost object for Asset GL. We understand this error is because GL is asset recon GL so it will not allow to reverse. As per my understand we are trying to make Asset GL zero(by passign adjustment entry) change the recon from asset to blank reverse the PO & reverse adjustment entry to nullify the effect.
I have checked the SAP note 69225 wherein I have made posting to Asset GL & now when I try to change GL master recon from Asset to "Blank" I am getting an error "Modifications to reconciliation account not permitted, The data contains error, you cannot save"
Could you please help me to resolve this..or could you please suggest me work around.

Hi Harsh K,
1. Have you tried using AB08 to reverse the original posting? See this thread on AB08 What is the use of AB08 ?
2. Can you confirm that the DE03 is assigned to a Chart of Depreciation (OAOB)? If it isn't, it wont appear in OAMK. A GL can be assigned as an asset recon account without the company being assigned to a chart of depreciation.
3. Have you verified the amounts in the asset sub-ledger and in FI both = 0?
Good luck,
KF

Creation of Legacy Asset in AS91 - Not updating the recon account

Hi,
I have an issue while creating a legacy asset using AS91. I found that it is not updating the asset reconciliation account in the G/L. What could be the issue?
Thanks,
Ram

Hi
For uploading the Asset GL's you need to using a dummy/control account for uploading the asset data. USaullay data migration account is used for this purpose. OSAV is generally used for uploading assets in GL only.
Frist go to OAMK and remove recociliation account type assets (this is for allowing direct posting in Asset reconciliation account).. then go for OSAV and after completing the posting then again go to OAMK and again put the reconciliation account type assets. If you for got this step ...later on the Asset GL's will not be updated.
Radha

Assigning Asset Recon GL Account

Hi Guys,
Where do we assign the Asset Reconciliation Account to an Asset?
Does it flow from the Asset Class? IF so..Where do we assign this GL account..
Thanks,
Kris..

You assign asset GL accounts in AO90 like acquisition, accumulated dep, dep expense, loss on disposal etc.... it's per account determination which is assigned to your asset class.

Vendor Reconciliation & Asset Reconciliation Account

Dears
I am a little confused regarding the reconciliation accounts.
We are making for Asset Config settings for down payment posting. I selected downpayment account for Asset Downpayment in AO90; but the system says the GL is not a reconciliation account.
When I saw the GL account, it is created as a Vendor Reconciliation account.
But in AO90 I think, we should give an Asset Reconciliation Account, right ?
If that is the case, why we should have separate reconciliation account for Vendor and Asset in Downpayment posting for Assets ?
When we post the Vendor Downpayment in F-48 using Spl. GL indicator 'A' , we are assigning the PO number also where asset is linked.
Spl-GL 'A' is linked to a reconciliation account for vendor.
Asset downpayment is also linked to a reconciliation account for asset.
If that is the case, which downpayment account, the advance amount for asset is posted ?

Hi Niki
I personally dont like updating the Down Payments for assets in Asset Accounting.. It is inviting troubles w/o much of value-add.. If you post DP to asset, then Invoice and you dont clear the DP, the depreciation is calculated on Invoice amount + DP Amount
Ofcourse, it gets adjusted in future depreciation runs once you clear DP. But if you clear in subsequent FY, then thats a problem
In order to avoid updating DP in AA, follow the below steps
1. Create a new FSG as a copy of G067 in which you will suppress the Asset Number
2. Assign this FSG in Vendor recon accounts
3. Do F-47 and enter the PO Number..
4. System will give an error msg F5 378..
5. Suppress it in OBA5, and you are done..
I remember this till date because this was one of my initial findings / learnings in my SAP Career ;-)
Best Regards
Ajay M

Recon Accounts assignment while creating a new GL Account

Hey everybody,
I was wondering if there is any global rule to which accounts should be selected as Recon A/c while creating a GL master in fs00. From my point of understanding the only Recon A/c's are Accounts Receivable as recon account :Customer and Accounts Payable as recon account: Vendor! So in which situation do we select Recon account : Asset or Recon account: Contract Account Receivable?
If you could please help me figure this out, I would greatly appreciate.
Thanks in advance.
Nick
help.sap.com

General ledger is the main accounting record of a business which uses double-entry bookkeeping. In SAP, the central task of G/L accounting is to provide a comprehensive picture for external accounting and accounts. Reconciliation Accounts are G/L accounts that receive postings from a subsidiary ledgers. Meaning, transactions data are not posted directly to recon accounts. Example of recon accounts are Accounts Receivable, Accounts Payable and Fixed Assets G/L. For accounts receivable G/L the subsidiary ledger is the customer account. All transactions with the customers are posted directly to the customer account and the recon account is automatically updated. How this thing happen? Well, when you create a customer account you specify under the Company Code data the reconciliation account.
Regards
Sanil

Down payments (One recon account mapping to different special recon account

Hi,
       I'm stuck in configuring special gl indicators for down payments for vendors.
we have one recon account for vendor and there are 6 different gl for downpayments.
but the down payment request takes in only one combination of recon and special gl
Ex: U - 20000(A/P) - 14100(Prepayment - Rent)
      T - 20000(A/P) - 14102(Prepayment - Asset)
      M - 20000(A/P) - 14104(Marketing)
I was able to configure special gl indicator for down payments but the down payment request "F" is the same for all the special GL (U,T&M)
when the down payment request is made its show one account for all the special Gl indicator but on payment appropriate its posted in correct account.
This was causing lot of confusion to the user. Please suggest away to get around this.
Secondly there is Accrued Liabilities accounts how this should handled.
Thanks for your support
Regards
Kalyan

Hi Dominic,
         It not allowing to create another noted item indicator other than F (Error MSG; Down payments and noted items not possible for special G/L indicator I)
Thanks for your time and support
Regards
Kalyan

Transfer of Recon Account

Dear Experts
My vendor down payments I posted in recon account of CREDITORS u2013EXPENSES , here some payments is my assets (Like Mobile Deposit), so end of the year I want   transfer the amount( whatever my Assets) from CREDITORS u2013EXPENSES Recon account to CREDITORS u2013 DEPOSIT Recon account
So this scenario how can I do in my system ,
1.any configuration settings is there
2. which t code can I use
Can anybody explain me
Regards
Sri

HI
In general you can only change recon account when balance is zero. In your case, when you try to change via FD02, you will receive the warning F2 067: Account has been posted to; hold balance sheet adjustment.
If you look at the long text of the warning message, it will tell you exactly what to do:-
"By changing the reconciliation account in the open item master record the proportionate values from the items open at the time of change are not posted to the new reconciliation account.
On the balance sheet key date the open items from the old reconciliation account are allocated to the new reconciliation account using adjustment accounts. This allocation is carried out automatically when you create a sorted list of receivables and payables using report SAPF101.
The postings necessary are only carried out for G/L accounts and are cancelled on the first day of the subsequent month (balance sheet adjustment posting)."
From the above, it explains that you will need to run SAPF101. Please read the documentation on this report to guide to to be able to proceed further. Documentation on this report/program exists when you go via SA38>goto>documentation. From here, you should be able to proceed in   transfer posting.
Kind Regards
davide
Edited by: DAVIDE ZURLONI on Apr 15, 2010 4:40 PM

Changing the setting of GL Account to a Recon Account

Hi All,
One of the GL Account is not set up as a reconciliation account (Asset). Meanwhile posting have been made to this account. It is now realized that it should be a recon account.
Please let me know the steps involved and precaution to be taken to make it a recon account in the GL Master
Thanks for your help
Best Regards,

Hi:
To do so you must first make the GL account balance to nil by transferring all of its entries to a temporary GL so that re transfer could be made. Having made the balance of GL account NIL you can change the recon account balance to reconciliation account.
Regards

Recon Account

Hi Gurus,
What is the purpose of a recon account in the Accounting Information tab of the Vendor Master Data? Do we really need to fill-up this field whenever we create a vendor?
Thanks,
Ellicec

Hello Cecille,
Each vendor account is a subledger and Reconciliation account is the General ledger account.
Posting from subledger to general ledger happens to reconciliation ledger.
Reconciliation account groups the postings to vendor accounts and the balance in vendor reconciliation acccount appear in Balance sheet as " sundry creditors"
It is must to have reconciliation account in each vendor master. without it you cannot save.
Reconciliation account are required for vendor/customer/assets and material master.
Anil

Asset recon account

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