Manual posting to reconciliation account under asset account group
We need to maintain Asset Group (G007) to allow manual input in order to post a period end-closing adjustment as required by our external auditors. ( i.e in the reconciliation account under the asset account group, we need to check the 'allow manual input' option so as to do posting to this account manually).
Under normal circumstances, the posting should have been from WBS Element, to AUC, then to Fixed Assets. However, since all the procedures have been completed until Depreciation Run, we have no option but to input this manually.
Similar Recon accounts which allow manual inputs are Accounts Receivable (GL Code 115000) and Accounts Payable (GL 210000).
My intention is to have this captured in the system as of Dec. 31, 2008; Reversed the same transaction on 01-Jan-09 and process it normally as mentioned above.
Valuable assistance will be highly appreciated.
Best regards,
You can make manual postings on the asset reconciliation account with the transaction ABF1
Use PK 70 or 75 , G/L account and transaction type 100.
The result is that asset accounting is no longer in line with your G/L accounts.
Put this transaction in your authorization make the posting and reverse and take the transaction out off the authorization!
Similar Messages
-
FAGL_FC_TRANS - Posting to Reconciliation Account
Hi all,
We would like to post to the reconciliation accounts while running the translation but the system does not allow us to post to the same. Any suggestions / workaround would be appreciated.
Thanks,
BalajiHi,
Foreign currency valuation program can't post to a open item managed(OIM) GL account.
Reconciliation accounts are by default open item managed accounts, so you can't post anything directly to those accounts. That's why we are using a B/S adjustment account which not open item managed for postings.
Also you remember, you can't post directly to a reconciliation account directly. So postings can be done through sub ledger only.
But You can't give sub ledger number in OB09 transaction.
Rgds
Murali.N -
Manual posting to Retained Earnings & Reserves Account
Hello Experts,
Due to acquisition which was an assets sale, we have to adjust the reserves and retained earnings balance in our SAP ECC 5.0 version. My understanding is we can't post a manual posting to retained earnings account and wondering how can I achieve a set balance by making adjustments.
Any suggestions would be highly appreciated!
Thanks
Mohammed.Hi:
SAP does not recommend manual posting to RE Account . In order to have effects in RE please open the previous fiscal year (if the entry or an adjustment pertains to closed fiscal year). Post the normal entry which should have been passed under normal circumstances. Please note that entry should be posted in special period of closed fiscal year. Having posted the entry execute FAGLGVTR , this will now carry forward an adjusted RE balance.
Hope this will help you.
Regards -
Manual postings to reconcialiation accounts
Hi All
We are doing data loading and we want to post balance to Vendor , customer and asset reconcilaition accounts manually by changing the GL master data for some time and reverting back to its orginal state after we are done. Can anyone explain the impacts of doing this?.
Thanks in advanceHi,
At the outset there is no necessity for direct posting into reconciliation accounts. The system does it on its own. In addition NO direct postings can be made into reconcilitaion accounts.
The very nature of reconciliation accounts is to have transaction integrity between the customer/vendor/asset sub ledgers. The individual open items in the sub ledgers roll up to reconciliation account. By uploading data the purpose of having such a functionality is lost. There is a huge risk of sub ledgers balances not synchronising with the reconciliation accounts.
It is fraught with risks. And strongly recommended not to be done.
Muralitk -
What is reconciliation accounts?
Hi all,
Can anyone explain me clearly about reconciliation accounts with real time scenario.
thanxs in advance
hariHello Hari,
For each subledger account , you must keep at least one reconciliation account in the general ledger. When you post to an account in the subledger, the system automatically posts to the corresponding reconciliation account.
The "Receivables from goods and services" account is an example of a reconciliation account for customers. Enter Customer in the Reconciliation account for account type field. Enter a Vendor in this field for a vendor reconciliation account.
Using the reconciliation account procedure, it is possible to create a balance sheet and a profit and loss statement at any time, since the amounts posted to subledger accounts are also posted automatically in the general ledger.
During regular reconciliation, you check whether the balance of the reconciliation account matches the balance of the corresponding subledger account.
You define reconciliation accounts by specifying in the G/L account master record the account type (such as fixed assets, vendor or customer) for which the account is to be used. In this way, the account can only be assigned to accounts in the corresponding subledger. You set the assignment of the subledger account to a reconciliation account in the master record of the subledger account. You cannot post to reconciliation accounts manually .
Hope I had been able to help you. please assign points and let me know if you need anything specific.
Rgds
Manish -
Allow posting to reconcilation account
Hi
How to allow posting to reconciliation account ?
Thanks
SNHi Satya,
If I understand correctly, you want to change the reconciliation Account for assets and allow GL postings. For Asset Accounting, SAP allows the functionality to make a reconciliation Account a GL account and then revert it back to Reconciliation Account.
You can make the settings in IMG using the following path:
Financial Accounting -> Asset Accounting -> Preparing for Production Startup ->
Production Startup ->Set or Reset Reconciliation Accounts
Hope this resolves your issue
Regards
Mahendra
Assign points if it satisfies you -
How to create the screen varient for specific Account group in FBL3N T.Code
Hi,
i am having one scenario like in T.code FBL3N Account group one selection parameter is there ,if we enter the one reconciliation Account group that user able to see the different output screen that is created by me (Customized) but not all other account group.please any one give the suggestion me.
Thanks,
Harinath.HI ,
It looks lilke we need to use the FM like 'G_SET_LIST_SELECT' to get the Profit
Here ais note from the forums to get profit center group from table
From Table SETLEAF, Field SETCLASS = '0106'. Field SUBCLASS with controlling area. Profit center in Field VALFROM.
You will get Group name in Field SETNAME.
Regards,
Sathya -
How to post externally to asset reconciliation account
Hi,
I need to post one entry externally to asset reconciliation account & I dont want to update asset due to that entry. How to do that?
Pl. help. I will award points for suitable answer.
Thanks
VeenaYou are permitted to post the recon account undercertain special circumstances :
USe the transaction codes OAMK and OASV.
Kindly read the SAP on line documentation before making a postings directly to the recon account.
Definition of the Reconciliation Accounts
You are not allowed to manually post to the reconciliation accounts for Asset Accounting in Financial Accounting. Normally, you designate the corresponding General Ledger accounts in Financial Accounting as reconciliation accounts. This change, however, can no longer be made in Financial Accounting, once these accounts already have balances from the legacy data transfer. However, you can use a special report to assign these accounts the status of reconciliation accounts in Financial Accounting (in Customizing for Asset Accounting, choose Preparing for Production Startup ® Production Startup ® Set Reconciliation Accounts).
There is another report for removing this specification (Reset Reconciliation Accounts).
Subsequent Correction Postings to Reconciliation Accounts
Suppose you have already defined the asset G/L accounts in Financial Accounting as reconciliation accounts, but still need to transfer balances to these accounts, or make corrections. You can make correction postings to these reconciliation accounts with a special posting transaction in Customizing for Asset Accounting (Transfer Balances), using posting key 40 or 50. You can only postings to those accounts in a company code with implementation status (Customizing for Asset Accounting, choose Preparing for Production Startup ® Production Startup ® Activate Company Code). -
APC Posting to Assets Reconciliation Account
Hi Experts,
We are currently working with AS91 and AS94 legcay data Transfer. The acquisition is completed, we gave acquisition values in Dep Area 01 (Book Depreciation Area), Do we also need to reset the Assets reconciliation account and post the APC values to them? Or the 01 acquistion values will automatically post to Assets reconciliation accounts and how?
What is to be done?
Please guide.
Best Regards
VKThanks Krishna,
OASV does not provide the option of document and local curreny. We would like to force the values from Local currency to group currency disregarding the exchange rates.
So after restetting the reconciliation account we will post using F-02.
Any negative impact?
Best Regards
VK -
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 -
Vendor reconciliation account - general vendor to vendor of assets
Hi,
I have created a vendor that can be either vendor of services and vendor of assets, therefore I have only one reconciliation account (operationnel reconciliation account).
At the end of the month, how is it possible to make the reconciliation change automatically into a vendor of assets? I have ticked the box in the invoice saying that the purchase is an investment.
Thanks in advance for your help.
RonanHi Ronan,
I think that the Special G/L Indicator will be useful for your purpose, you will post FI-AP document with GL Account maintened in the Vendor master data (FD03) and post FI-AA document by using Special G/L Indicator.
So if you'll choose this solution, you'll have to create a new Special G/L Indicator (e.g : ' A ') and assign the appropriate account to this indicator (Tcode : OBXT).
Create a substitution (Tcode : GGB1) can be another solution.
Regards. -
Hello Experts-
I fell in a tricky situation at my work place. We have an asset reconciliation account which has a balance but, this balance does not correspond to any asset. When SAP Fixed assets was implemented here, they had a balance for this account and then have converted it into a reconciliation account. How do I create an asset which represents that balance as APC value? Or how would I transfer it from this reconciliation account to a clearing account so that I can create a real asset and transfer this APC to a real asset?
Any thoughts on this issue would be really appreciated.
Thanks in advance.
RNarayanHi,
To post the balance values from the take over values from AS91 on the Asset Reconciliation Account
You can use transaction:
OASV
ABFI (use transaction type 100 and don't fill in an asset number)
The postings on these account are total postings by bussines area and there is no 1:1 relation with assets like with debtors and credititors. (when you run the depreciation it create total amounts -
What is asset reconciliation account.
What is asset reconciliation account. Is this like other reconciliation accounts like A/P and A/R. How can we use it.
Hi
GL for Asset as Reconciliation is defined in FS00
Account determination rule is defined under SPRO - FAg - AAg - Org structures - Asset classes
The A/c determination is included in the Asset class
In AO90 GL a/c is assigned to Account determination rule
Finally, Asset master is created under a Asset class thru AS01
Thank You, -
Post Directly To Customer Reconciliation Account
Dear Experts,
We are facing the following problem in one of our Clients system.
They have uploaded the opening balance in a Customer Reconciliation GL Account ( Its an alternate reconciliation account ), here onwards reffered to as XYZ.
Now after 6 months of Go-Live they realized that the opening balance was uploaded incorrectly.
Their original entry was like this:
Dr. XYZ 100
Cr. Data Migration GL 100
When the try to reverse the above entry they get the following error: "Account XYZ in company code ABCD cannot be directly posted to" Message No: F5354
Now i have two questions ( Disclaimer: These questions might sound very silly, but trust me I am seriously lost here. )
1. How was this entry posted in the first place? I have checked the change logs for GL XYZ, no data exists that shows that the reconciliation indicator has been changed. The reconciliation Indicator is customer from beginning.
2. How to reverse the above entry?
Any usefull suggestions will be generously rewarded.
Regards,
Priyank.Dear All,
I am sorry for replying so late to this Thread.
We found the root cause of the problem. Some one has changed the Table Entries (SKB1-MITKZ) for the GL Master of Customer Reconciliation Account. This was the reason that the GL account was showing as Customer Reconciliation Account.
Now when we tried to reverse these changes the system didnt allow us as it needed some entry in that field and keeoing it blank was not an option. Even the input help didnt show any blank field.
So in order to overcome the above shortcoming, we wrote an ABAP program to change the field value to Blank.
So learning is that you should never use Table Edit without having proper knowledge of how Tables behave.
Thanks all for your Support.
Am Closing the thred.
Good Bye. -
Posting between customer reconciliation account
Dear Experts,
We have wrong posting in Customer account XXX (with reconcl.account A) then we should reclass/transfer posting from the wrong reconciliation account A to reconciliation account B (customer YYY).
Which transaction code to be used?Is it possible to do mass reclass customer account?
Pls advice.
Thank you in advanceHi,
You can change reconciliation account in customer master data but you can't in old documents from that one. You just can creat new documents with recnciliation account updated.
SAP Standard provides F101 tcode for adjustment. It uses anothers accounts to manage the differences between the documents but your document won't get account change.
The only way to change reconciliantion acc in old titles is reversing and recreating (or clearing old document and opening a new one)
Notice: chage reconciliaiton accounting in master record and check the warning message. Take a look on that instructions.
regards
Maybe you are looking for
-
Trying to decide on buying a TC 2TB
We currently have U-verse with a wireless G router and we want to extend the reach. I know that I can turn off the wifi on current router, connect a wireless N via ethernet which should give me an extra 200ft reach compared to the G. TC will do the
-
Aironet 1300 Ethernet seems down
Hi, We've installed an Aironet 1300 (with external antenna) at the top of an 80 foot mast. Before installation we configured it with a static IP, setup its SSID etc etc. We also tested connecting to another WAP etc. All setup was done using its web i
-
Is it possible to open lunix from a usb on a imac os x 10.5.8? And if so, how can i do it?
-
I have a Sony PRS-300, is Adobe Digital Editions compatable with it?
My PRS-300 is not on the list of compatable e-readers... but the PRS-350 is. Is my PRS-300 compatable?
-
Problems with "queue" to Media Encoder
I just downloaded the latest CC updates yesterday which was for AME and PPCC ... After the update when i go to >EXPORT> MEDIA > then press queue it locks up/stalls. Nothing goes to AME. I have to keep turning off the process. I tried a 3 minute clip