FI & Co Reconciliation ledger  issues

Hi,
Could you pl explain me Reconciliation between FI Books & Co books . what are the Configure setting required  along with path . where we will see the Reconciliation ledger .
Regards
SAPCO

RECONCILIATION LEDGER EXAMPLE 1
When you need to drill back from the FI G/L to find which cost center was
Posted to on an expense account, the reconciliation ledger is accessed.
The need to have a CO to FI reconciliation process is a result of cross company
Code, cross-business area, or cross functional area activity that may occur in
the CO module. Order settlement or confirmation, cost center assessment, or
other internal CO movement may initiate these postings. When costs moved
internally within CO, the FI G/L is not updated because of CO use of secondary
Cost elements to facilitate the postings.
The first two steps in reconciliation ledger configuration are to activate the
Ledger within the controlling area and assign a document type. If you have an
Existing controlling area that does not have the reconciliation ledger activated,
Activate the reconciliation ledger.
Controlling  Overhead Cost Controlling  Cost and Revenue Element
Accounting  Reconciliation Ledger  Activate Reconciliation Ledger (KALA)
RECONCILIATION LEDGER EXAMPLE 2
A good receipt posting of Rs.100 has occurred on internal order 1, which is
Assigned to company code 1. One hundred percent of the value of internal order No.1 is settled to internal order 2, which is assigned to company code 2. A Settlement Cost element is used for the settlement posting. When an order
Settlement is run, internal order 1 is credited with Rs.100 and internal order 2
Is debited with Rs.100. The balances of internal order 1 and internal order 2
Are 0 and Rs.100, respectively. However, the balances of company code 1
And 2 remain as they were prior to settlement. The reason: settlement activity
Was internal to CO. No FI update occurred.
To place the FI company codes back in balance, the CO-FI reconciliation posting transaction should be run. The resulting FI postings would credit
Company code 1 for Rs.100 and debit company code 2 for Rs.100. The internal
CO activity will now have been accounted for in FI and company codes are now in balance.
Regards,
Ravi

Similar Messages

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    Dear Indu,
    KALC will not update specific CO objects. The intention of the reconcilliation ledger is to reconcile CO internal postings with Financial Accounting. The necessity for reconciliation arises from the fact that, depending on controlling area / company code relationship and customizing, any CO posting can either be:
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    or a combination of the above mentioned. For these CO internal postings there will be no corresponding FI documents with the result that CO and FI do not reconcile on company code/business area or functional area level. The reconciliation ledger adjusts this by creating the relevant FI documents. I hope this clarifies the issue.
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  • FI- Reconciliation ledger

    Hi,
    I would like to know what is meant by Reconciliation Ledger and How we can create Reconciliation Ledger in the SAP - Retail

    Hi Ravi,
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    In the information system, you can compare the account balances between CO and FI for a particular period using reconciliation reports. In these reports, the system displays a difference for a reconciliation posting made outside of the period. The cost flow overview report is more suitable for checking reconciliation between CO and FI. To ensure that all reconciliation postings are transferred, you should only execute reconciliation at period-end, after closing all CO postings. If you execute reconciliation more than once, the SAP R/3 System only updates difference values since the last reconciliation run.
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    Hi,
    are you referring to CO/FI Integration or the "old" recon ledger, i.e. KALC?
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  • Reconciliation Ledger

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    Thanks

    Hi,
    The T.Code for Reconciliation Ledger is KALC in 4.7v.
    Refer to sap best pratices
    help.sap.com/bp_iasifrsv1470/BBlibrary/Documentation/I63_BPP_EN_DE.doc
    Please let me know if you need more information.
    Assign points if useful.
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    Kai
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    Hi,
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    regards
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    Hi
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  • Urgent : Reconciliation Manager Issue

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    Hi
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    hi
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