FICO Reconciliation

Hi,
We have activated Real Time integration for FI & CO.
After closing FI periods we run Assessment Cycle ( T code KSU5), but we
get error Posting Period is not open. When we open FI period & run the
cycle, it posts the FI as well as CO document.
Kindly advise how do we post CO entries without opening FI posting
period.
Regards,
Bhavesh

Hello
Controlling ® Cost Center Accounting ® Actual Postings ® Manual Actual Postings ® Define Own Screen Variants for Postings in Controlling
Also, check if both the periods in FI and CO are open.
Reg
*assign points if useful

Similar Messages

  • Basis of FICO Reconciliation posting KALC

    Hi Gurus,
    I am not able to understand the basis of FICO reconciliation posting entries. How can i reconcile these entries?
    From where these entries are coming.
    In Intercompany postings, first of all customer invoice posting is done, then revenue is booked after execution of KALC and reconciliation postings. we need to clear the AR suspense account but not able to match revenue booking entry with invoice posting.
    Please me in understanding this process,
    Thank You

    Intercompany reconciliation is done through F.2E, this will automatically knock off the AR and AP.

  • Substitution rule for FICO reconciliation

    HI
    we have activated FICO reconciliation.
    During cost centre distribution cycle, we want to post the entries into seprate GL. To meet this requirement we have written substitution rule s follows:-
    Pre-requisit - if GL code is XXXXXX and cost element is XXXXXX
    Subsitution - GL code YYYYYY is constant
    But while cost centre distribution, system still posting entries in sender GL / cost element  where above subsitutuion is active in system.
    please let us know the correction in above substitution.
    Regards
    DD

    Hi
    I dont think it so that it will work wil Substituting as GL = Constant Value.
    In whihc table you are replacing GL = Constant Value?
    If it is BSEG, then you need to write a user exit
    BSEG-HKONT = your GL Account (please prefix ZERO to make the length of GL Account to 10)
    Hope this helps,
    Regards,
    Vivek

  • S_ALR_87013603 - FICO reconciliation report - Cant see CO items

    Hi,
    We have recently upgraded to ECC 6 from 4.6c. When I am running the report S_ALR_87013603, I see only the FI items but not the CO items. Could you please tell me why this shouls happen.
    Regards,
    Vijay

    @Karl:
    If I use TC KALA (Activate Reconciliation Ledger ) this message appears:
    The reconciliation ledger for CO area AB30 has allready been activated.
    What else do I have to activate?
    Markus
    Edited by: Markus Schreiter on Jun 12, 2008 1:32 AM

  • FICO Reconciliation - Profit Center error

    Hi
    When my PP person is confirming his process order in COR6N, it gives error:
    "Profit Center field not filled in line item two."
    Then i gave default profit center to that GL account so that PP work does not stop.
    When i saw accounting entry it was:
    FICO Recon A/c... Dr (No cost center and default profit center which i gave)
       To FICO Recon A/c (Cost center it pulled from activity)
    Now i want to know why its giving error. I did document splitting settings.
    My FICO Recon A/c is created as PL account (expense). I also tried it by created account as Balance Sheet account in document splitting characteristics.
    Please let me know what setting i need to do
    Edited by: Deepak Agrawal on Mar 10, 2012 4:40 PM

    Hi,you need to customize doc splitting.
    1.You need to clasify all accounts from future document in  Document Splitting-Classify G/L Accounts for Document Splitting(e.g. all accounts 2000) 03000-VENDOR.
    2.in IMG: Classify Document Types for Document Splitting    check for Document type  transaction and Variant (e.g. Doc=KR, Trans.=1010, Variant= 0001)
    3.In IMG:  Activate Document Splitting   check  assigned method(e.g. 000012)
    4. in IMG- Document Splitting-Extended Document Splitting-Define Document Splitting Rule
    For find your method and transaction(e.g. Method=00012, trans.=1010) and double click on Item categories(on left of the top of screen)
    There'd be record with category from first step (e.g. Cat.=0300), select one and double click on Base item cat. - there'd be Category 0300 and with check box Automatically split.
    I hope it'd be helpful

  • FICO Reconciliation in vesrion 4.7

    We are using SAP Version 4.7.  We regularly reclassify expenses to different cost centers using KB61 if they have been booked with incorrect cost centers. However,  this does not update the FI entry. We also plan to use distribution/ assessment for allocation of expenses. All such transactions are within the same business area & company code.
    Can this be updated in FI using reconciliation ledger (KALC)?
    Regards,
    Sangeeta

    No,
    There is no need there is no cange in FI for the P&L accounts

  • FICO Reconciliation Ledger

    Gurus,
    we are using New GL in ECC6.0. When settle between cost centers belong to different company codes, are there any  FI entries since multiple company codes are involved even though the allocations are within CO? How does it effect the recon ledger? Please explain the config steps if there should be recon ledger involved. I appreciate your help!
    Thanks inadvance!

    Financial documents will generate when you activate CO-FI real time integration.
    Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Real-Time Integration of Controlling with Financial Accounting. Here you create/adopt the varaint and assign it to company code. Further down under 'Account Determination for Real-Time Integration' you will define initerco GL accounts for posting. Also define account for realtime integration. (OK17).
    As you may know when you post complete document in CO (DR and CR tied out) typically for Allocation postings, work order confirmations for example, a Financial document is generated  using the GL account mentioned in OK17.
    If this happens to be an intra-company posting, this account is debited and credit in FI document - thereby no impact on GL - but Dr and Cr side generally have different cost object (cost ctr/ order etc) assignments as well as profit centers in corresponding objects.
    If this happens to be inter-company posting, then in addition to above, the intercompany accounts maintained in account determination also get posted to as in typical interco posting generated in FI.
    Hope this helps
    Regards
    Subodh

  • Reconciliation of FI  woth CO

    Good afternoon,
    --- How the reconciliation is been done of FI with CO and which is the Tcode for  the  same.
    --- How to distribute the cost to secondary cost element, if i am not wrong any assement cycle is required and if required pls can anybody provide me the step for the same pls. 
    Thanks
    Amit

    Hi Amit,
    FI-CO Reconciliation - : http://sap.ittoolbox.com/groups/technical-functional/sap-acct/fico-reconciliation-1372211
    SAP CO - SAP Controlling Configuration Hints and Tips:
    http://www.sap-basis-abap.com/sapco.htm
    Hope this helps.
    Pls assign points as way to say thanks

  • FICO Reconcilation process in ECC 6 version

    Dear experts,
    Please tell the process of FICO Reconcilation process in ECC 6 version and tell what are the settings i have to do in std SAP
    Regards
    venkataswamy

    Hi ,
    Check the below link , it contains the steps to configure FICO Reconciliation
    http://www.sap-img.com/financial/how-to-configure-fico-reconciliation.htm
    Hope it helps
    SJ

  • Difference between "account group" and "reconciliation account"

    Hello,
    I am new to SAP and I would like to understand the difference between the "account group" and the "reconciliation account" that appear both in the vendor master records.
    From what I read, "account group" is just a classification but has no "accounting" impact whereas "reconciliation account" (goods suppliers, overhead expenses suppliers...) do have an accounting impact.
    However I am not sure so I would like a confirmation on that and if possible examples so I could really understand.
    Thank you.

    Hi,
    The account group is a way to divide vendors into groups for reporting later on.
    The account group is also the link to the number range and the field selection functionality.
    Please refer the below link for more clarity.
    http://help.sap.com/saphelp_46c/helpdata/en/53/c98647ca3711d2b494006094b9114a/frameset.htm
    Account group
    The reconciliation account is the account is the account which is posted to at invoice receipt stage where the vendor account represents the sub ledger and the reconcilation account the ledger.
    Reconciliation Account
    http://sapdocs.info/sap/fico/reconciliation-accounts-and-special-gl-indicator/
    Hope it helps you.
    Thanks.

  • Clearing accounts

    Hi,  Can somebody please explain what are these claering accounts meant for
    Input Tax clearing account for down payments
    FICO Reconciliation account
    GR/IR Adjustment Accounts
    Fixed Asset clearing account
    Regards

    Hi,
    Tax clearing accounts helps you to know the gross amount receivable or payable from customers or to vendor.
    If you need to post tax on sales/purchases, you must determine whether the down payment should be displayed in the open item account and special G/L accounts with or without tax on sales/purchases.
    If you select net display, the down payment is posted to the open item and the down payment account minus tax on sales/purchases. The tax itself is posted to the input or output tax account.
    Thus the entry passed is
    Dr Bank a/c    12000    Cr output tax 1000  cr customer account 11000     (in special GL account Cr 11000)
    If you select gross display, the down payment is posted to the open item and down payment account including tax on sales/purchases. The tax itself is posted to the input or output tax account. To clear the tax, the amount is also automatically posted to a clearing account.
    Thus the entry passed is
    Dr Bank a/c    12000    cr customer account 12000     (in special GL account Cr 12000)
    And also another entry also recoreded
    Dr Output tax clearing account 1000    Cr output tax 1000 
    Gross display has the advantage that the down payment amount is displayed in the open item accounts including the taxes on sales/purchases, meaning that the whole amount of the payable or receivable is displayed.
    Check this link for Reconciliation postings in CO
    http://help.sap.com/erp2005_ehp_02/helpdata/en/66/bc7feb43c211d182b30000e829fbfe/frameset.htm
    Radha

  • ERROR IN VENMDOR MASTER CREATION??

    Hii experts
    In IDES i have configuration for vendor master , and i have created reconciliation account for vendor also.
    While creating vendor master after entering all details at last its throwing error like the account 4 is already exists????
    How we can rectifiy this error
    Thanks

    >
    MM group wrote:
    > hii
    >
    > I have Recon account all those thing . atlast while saving the vendor master i m getting error like this "Accounts 4 already exists "
    >
    > ANd then if click on exit , it will go out from the vendor master screen and no vendor number has been given .
    >
    > Thanks
    Seems like the problem is with the recon account. Try creating with a different recon account, and see whether the error is coming. Check the post below for creating recon account.
    How to Configure FICO Reconciliation
    In Co, we create Recon accts to keep Fi gl in balance with CO. Not all transactions affect FI gls, best example of it is internal order settlements, they use secondary cost elements and does not affect your G/l accts. To update FI side of it we maintain recon accts. These are primarily for cross company, cross functional and cross business area transactions.
    The number of recon accts to be defined is dependant on various factors, like how your management wants to see the reports.. whether they want to classify the cost based on CO object class or by Co types etc..
    However the basic config you got to follow is:
    1. Activate Recon accts (if you have created CO area newly, it would be active).
        use T.code: KALA
    2. Assignment of Recon document type to the Controlling area.
        T.code: OKKP
    3. Creating clearing accts (that you want to us! e for reconciliation. During FI-Co recon.. inter company clearing accounts will be automatically credited or debited and now you need to create offset acct which will show up in P&l acct).
        Acct determination set up thru T.code: OBYA
    4. Maintain accts for Automatic Recon posting.
        T.code OBYB
    5. Assign Number ranges to Recon activity.
        Tcode OK13                                                                                *-- Radha Krishna
    Without creating of reconciliation account, can you create vendor? What is the use of reconciliation?
    Customer and vendor accounts are sub ledger GL's. We will have to create two reconciliation GLs in viz. Reconciliation GL for Customer and Vendor in chart of accounts.
    After, while creating customer and vendor master records, we have to mention respective reconciliation GL in their company code segment details. This recon a/c will show you the net balances in GL for customer and vendor a/cs.
    Without creating Vendor you can still create individual GL for each customer and vendor , but then
    1) Your list of GL's in chart of account will be very lengthy.
    2) Duplication of work as SD/ MM people are also required to create their own list.
    3) Cross company code consolidation will not be possible as the chart of accounts will be different.
    4) Very difficult to keep track of individual customer/ vendor a/cs.
    5) Not advisable even in real time accounting system i.e. manual book keeping.

  • Problem in Actual assessment cycle.

    Hi Team,
    We are using assessment cycle to distribute the cost from utility cost center to production cost center, after cycle execution we found the cost in debit side of the production cost center with assessment cost element. And also we are using the substitution is that the cost which is coming on the assessment cost element will flow to FICO reconciliation GL. We created 5 sets of assessment cost element groups( depreciation secondary cost element group, Admin OH, Store spares, Salary wages & power & Fuel) which  correspond to five 9 series reconciliation accounts.
    The 5 reconciliation GLu2019s are as follows:
    1. Depreciation                90102003
    2. Administrative overheads     90102004
    3. Store spares.                90102005
    4. Salary & wages                   90102006
    5. Power water & fuel.            90102007.
    After assessment cycles when FI team runs the transaction F.01 for the above GLu2019s the cost is appearing. Which is the consolidated cost which is distributed from utility cost centers is there any way to get the primary cost element wise breakup of the above five heads. This is the requirement raised by the FI team kindly advice.
    Regards,
    Ravi.

    Hi Ravi,
    have you come up with any solution?
    I have found, we can use substitution rules in New GL- CO reconciliation to fix assessment issue. In fact, we have to maintain multiple substitution rules or table to get correct P&L by primary cost element. This is pretty much possible.
    My issue is, we are using COPA. COPA dont have distribution option.
    Let me know if anyone has better option than substitution. because I don't want to loose my primary cost element information.

  • Issue with 9keo

    Dear experts
    We have recently configured the New GL functionality in our system. In this we have also configured the Real time integration configuration points like creating the variant and assigning the same to our company code. In the variant, I have also tick marked the check boxes of Cross Profit center/cross segment (By which the Fi accounting entry would be passed during cross PC/Segment entry in CO not hitting the FI Module). I have also assigned the FICO Reconciliation GL in Tcode OK17.
    However, still when i pass the cross profit center entry using 9ke9, the system is not generating the FI Entry. Can anyone suggest where I am missing in the configuration ?
    Regards
        Ajeesh.s

    Hi
    Could you share the message no?

  • QUESTIONS TO BE ANSWERED

    Hello,
    Earliest reply will be appreciated.
    u2022     What is diff between internal number range and external number range
    u2022     Consignment process ( REASON BEHIND  v NOT processing invoice for fill up and how do we maintain the record of the    goods sent to consignments agent)
    u2022     Pricing procedure ( ERL, ERS ) ( how is it posted to fico)
    u2022     How is item category determined
    u2022     What is reconciliation account ( as far as sd consultant should have knowledge)
    u2022     Integration of sap sd and fico
    Thanks

    What is diff between internal number range and external number range
    Internal number range is one  which is allocated by the system, if you havent done so, and the external no: range is one you speicfy the no: to the system from the no: range you have selected.
    for eg: when you create customer with xd01, you need to specify the customer no: and for which you go for the account group creation and under which you do the following
    Define A/C group with screen layout (cust)
    create no: range for customer
    assign No: range for the customer
    So here if you choose internal no: then the system prposes its own no: for the customer and which would not be right.
    Thats the reason you do here external no: range.
    u2022 Consignment process ( REASON BEHIND v NOT processing invoice for fill up and how do we maintain the record of the goods sent to consignments agent)
    In Consignment process what ever the goods you send or recieve them back by return and pick up will be always a special stock, although it has the same process just like sales order creation but they are not relavent for the picking, the reason is the stock maintain at the customer place has all the owner ship rights still with the supplier. When you process the consignment with VA01 , your doc type will be KB, KE, KR, KA or to remember easily CF, CI, CR, CP . IF suppose you are creating OR then the item cat. will be TAN and in such case the ownership changes , and simply for that reason we have different doc type we maintain for not loosing suppliers right over the stock.
    We maintain the stock as special stock which is different than TAN instead here it will be like KBN,KEN,KRN,KAN which is not like tan.
    u2022 Pricing procedure ( ERL, ERS ) ( how is it posted to fico)
    ERL Sales Revenues
    ERS Sales deductions
    ERF Freight revenue
    MWS Taxes on sls/purchase
    ERB Rebate sales deductions
    ERU Rebate accruals
    EVV Cash clearing
    It is posted to FI through accounting keys  when you mention the above and system understands to which key, what we are sending and at the table level they sit in that perticular field.
    Suppose if you are maintaining your expenses. then you might prefer to make few fields like transportation, food, bills, etc etc. and you go on enter those values in those fields similarly it is here.
    u2022 How is item category determined
    For normal goods
    Sales document type (OR) + item category group (Norm) + usage  + Higher level item category =Default Item category TAN
    For free goods.
    Sales document type (OR) + item category group (Norm) + usage (free) + Higher level item category  =Default Item category TANN
    u2022 What is reconciliation account ( as far as sd consultant should have knowledge)
    Refer the link, it is good one.
    http://sapdocs.info/sap/fico/reconciliation-accounts-and-special-gl-indicator/
    u2022 Integration of sap sd and fico
    Revenue account determination, credit management can called for the sd fi integration and for this you need to google and as the depths of SAP you take up you would see them.
    Thanks,
    Saplinx.

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