Logic of Recon account

Hi All,
The question has been creeping into my mind since very long and today i wana seek forum suggestion on it. What is the logic that Recon accounts cant be directly posted too. Removing post automatic doesnt  work for them. Please share ideas and comments
Moderator: Please, search before posting

Hi,
As already explained, reconciliation is required to maintain harmony between the sub ledgers and the main GL. If you see from the reporting point of view, there might me thousands of vendors and customers, if we have to assign each of the sub-ledger in the balance sheet, it will run to pages. So we need a GL which will give you a total of the sub ledgers assigned to it. This also a reason why the system does not allow you to post entries directly to a reconciliation account.
Hope this clarifies.
Thanks and Regards,
Anit

Similar Messages

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    Now I can go to Vendor Master and change the recon account to 901 since all the balances are cleared. 
    Now is it necessary to define adjustment account for changed reconciliation account in the above case in t.code OBBW?  If not defined what is the impact?
    Is the above procedure correct and can be followed?

    Hi Aravind,
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    The procedure that you have mentioned looks logical. Since all the postings are over and you are just trying to clear the items, the changes may not have any impact on the books.
    Regards,
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    Edited by: Pete on Oct 10, 2008 4:51 PM

    Please try with the followings report. They are in drilldown format
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  • Recon Account Error

    Dear experts
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    change the customer or vendor master record and enter a different reconciliation account there
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    Hi,
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  • Change recon account and transfer of Open items from Old recon a/c to New recon a/c.

    Hi Gurus,
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    Thanks for you answer.  The link was helpful; however, today we find a solution to the error. In OBA1 when in the transaction appears a window requesting the chart of account, we chose the valuation area (option yellow arrow) and completed the configuration. With this, i could solve my problem, it was simple.

  • Changing the recon account

    hi,
    i have an issue like to change the recon account in goods receipt transaction. right now the vendor is having (x  for domestic )recon account and  now he is purchasing the capital goods from the same vendor and in the system there is another recon account (Y for capital goods)
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    Dear  Alapati Srinivas,
    You need to customize "Posting with alternative reconciliation account".
    The SPRO path is: Financial Accounting-> Accounts Receivable and Accounts Payable-> Business Transactions-> Postings with Alternative Reconciliation Account-> Define Alternative Reconciliation Accounts (or T-Code S_ALR_87002480).
    In there you have to define account Y as alternative reconciliation account for X.
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    Regards,
    Milen.
    Edited by: Milen G on Sep 1, 2010 8:20 AM

  • 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.
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    Regards

  • Transfer balance from one recon account to another one

    Hi Guru
    One vendor was assigned by wrong recon account but 4 postings happened in MIRO with out changing the recon account in that vendor . After this they changed the recon account and reversed those 4 documents(which is posted in wrong recon account) in MR8M , now what happend is reversed documents are effected in new recon accounts . so my client is asking to to transfer the old recon account balance into new recon account . Is it possible because that is recon account ?
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    Hi,
    Will you please share solution with others..
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    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.
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    Hi,
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    Yes .. I Agree with you ...
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  • Change AP Recon account in MIRO by using user exit

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    Transaction Code - MIRO                     Enter Incoming Invoice
    Exit Name           Description
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    LMR1M002            Account grouping for GR/IR account maintenance
    LMR1M003            Number assignment in Logistics Invoice Verification
    LMR1M004            Logistics Invoice Verification: item text for follow-on docs
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    MRMH0001            Logistics Invoice Verification: ERS procedure
    MRMH0002            Logistics Invoice Verification: EDI inbound
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    http://www.sap-img.com/abap/a-short-tutorial-on-user-exits.htm
    http://www.sapgenie.com/abap/code/abap26.htm
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  • Open Item managemnt to be activated to Vendor  Recon Accounts.

    Dear all,
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    I am getting Error Message no. FH031.
    Please help.
    regards
    jaya

    Hello Dear
    It is not possible to have open item management for Recon. A/cs.
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    OIM is already there in the sub-ledgers - A/P Module
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    IMK

  • Transfer of values from one recon to other recon account

    Guru's,
    I wanted to change the recon account of a vendor from 8050001 to 8050002.
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    Deepak

    Hi,
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  • Recon Account vs. Open Item Account for G/L Setup

    I have traditionally always set up A/R as a recon account in ISU because of the mass transactions on FI-CA side that merge to one summary posting to the FI-GL side.  I have always set up all clearing and clarification accounts as open item accounts so that manual adjustments may be made accordingly as cash accounts typically have.
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    Hello,
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    I hope this will help you.
    Thanks,
    SK

  • Vendor Account group assign recon. account

    Hi Experts,
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    now Print company code and Vendor account group
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