Purpose of Reconciliation account for customer

What is the purpose of Reconciliation account assigned in customer master. Wehn it gets posted and how it is used ? Do all customer share the same Reconciliation account ?

Reconciliation - as the name suggests is used for Reconciliation of customer balances.At any point of time i can login into T.code FS10n and give the reconciliation account number and check the balances due from customers.
EX: In your Company code you have 2 customers. All the customer master records are populated with reconciliation account YYYYY in the Company code data.
When ever the system records a sale transaction, the following FI entry is passed:
Customer Account Dr
to Sales A/c Cr
The accounts updated here are Customer account, sales account as well as the Reconciliation Account.(because we have entered this in master record of the customer,it also gets updated in real time)
If i have done Rs.1000 with customer X(with recon account YYYYY entered in the master record)Rs.2000 and with customer Z(with recon account YYYYY entered in master record), the total balance of recon account would be Rs.3000.
<b>
Do all customer share the same Reconciliation account ?</b>
Depends on the clients requirement. if he wants separate recon account for a bunch of customers say government agencies, then the Fi consultants can create additional recon account.
Regards
AK
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Change Reconciliation Account for customer.

Hi All,
I want to change the Reconciliation Account for customer. it is giving me message that Account has been posted to; hold balance sheet adjustment (Message no. F2067). How do I change it.
Thanks
Utpal.

Hi
Make the reconciliation account balance nullify by tranferring to new GL Account and the nassing new one
Assign points if useful,
Regards
Raj

Change of Reconciliation account for Customer/Vendor.

Dear All,
I need to change the reconciliation account for customer, after changing recon account i want the balance from the old recon account to be transfered to new recon accont.
Please suggest.
Thanks & Regards

Hello,
Once you made any change of reconciliation account in customer master, you are required to execute F.5D.
Please read the documentation available on this.
This will adjust the postings made to old reconciliation account to new reconciliation.
Hopefully, it should solve your problem.
Thanks,
Ravi

Reconciliation account for customer

Hi Experts,
While creating customer in customer master ,the system asks for " Reconciliation account".Can anyone explain how to create " Reconciliation account" for customer?
Regards,
Randhir

Hi Randhir,
Use Tcode FS00 to create a reconciliation account, just as you create a normal GL account.
Reconciliation account is a balance sheet account.
Under the Control Data tab Update the field Recon.account for acct type with customers.
Use this Reconciliation account in Customer master data..
Hope this helps you..
Regards,
Praisty

Reg.Reconciliation account in Customer master XD01

Dear All
I donn't know where to add reconciliation account for customer master (XD01),
I create G/L account,G067-Reconciliation account.Next what I should do for that G/L acc should come to customer master Rec.Acc.
Please help me

Hi Raja,
Goto EC01 Transaction code and click on copy as icon and copy all the GL Accounts from 1000 to your company code.
Now goto XD02 and goto Company Code Data and check.
I think this will solve your problem
Reward if helpful.
Regards
PAVAN.

Postings with Alternative Reconciliation Accounts with Customer Invoice

Hi Experts,
In customizing i have defined Alternative reconcillation account for a Reco Account of customer.
When i post 2 line items in customer invoice,it is picking recon account from customer master for 1st line item and alternative recon account for 2nd line item .
But it should pick Alternative Reco Account for both line items.
Kindly guide me which setting should be checked for this ?
Regards
Amit

Hi,
You defined alternative reconciliation account for customer but you still have some customizing points to check in addition for that.
Please check OV64 ( IMG -> Sales and Distribution -> Basic Function -> Account Assignment/Costing -> Reconciliation Account determination -> Assign GL Accounts )
And additionnally: IMG -> Sales and Distribution -> Basic Function -> Account Assignment/Costing -> Reconciliation Account determination -> Define Access Sequence
In OBXY transaction, you define alternative rec. accounts per special G/L indicatoris, for example in the case of A/R doubtful / bad debt , system will not pick up rec. account from customer ùmaster record, but the one defined in OBXY. This is for FI part
Hope this can help you
Regards
Tarek
Edited by: Tarek AYACHI on Oct 7, 2011 5:56 PM

Changing Reconciliation account in Customer master

Dear Experts,
I am trying to change the reconcilation account in a customer master and getting the following error while doing so,
'Invalid Reconciliation Account, please use 0000140068 or 0000140060
Message no. Z1013
Diagnosis
You have entered the wrong reconciliation account for the customer.
System Response
This is forbidden.
Procedure
For inter company vendors, use 140060.
For domestic vendors, use 140000.'
Any input on how to resolve it?
Regards
Paul

Hi Paul,
The error message is a customised one ('Z'), so it is due to a validation that has been set up in your system, probably via a user exit. Via SMOD, take a look in enhancement SAPMF02D (EXIT_SAPMF02D_001); that's possibly where the validation is happening. If the validation is incorrect it may need to be changed or disabled.
On the other hand, maybe you should just follow the instructions in the error message and use one of the accounts suggested.
Regards,
Marc

Vendor and vendor accounts for custom duties

Hi,
I have to pay custom duty to the government for the imported goods. Do we need to create a vendor master for government in this scenario or if not how can we tackle that it? Do we need to have a separate reconciliation account for this or are we using the same account that we use for trading vendors?
Thanks
M.K.

Hi MK,
The Vendor account creation for Custom vendor is a normal process, just like you create any other vendor.
As regards a separate recon account, the normal Vendors show liability for good purchased, whereas this would be liability for taxes and duties..
You can assign the same recon account, which you assign to all other vendors for Taxes like Service tax, Excise, TDS etc..
Regards,
Kavita

Can I change recon account for customer

I found that recon account cannot be changed? Is there any alternative to do except creating another customer? Thx

Hi,
SPRO-SAP IMG-Financial Accounting-Accounts Receivable and Accounts Payable-Business Transactions-Postings with Alternative Reconciliation Account-Define Alternative Reconciliation Accounts
You can maintain alternative reconciliation account for every reconciliation account. and in FS00 choose option In create/bank/interest Recon.account ready for input. While booking invoice or payments you can manually change the reconciliation account.
Hope it is clear,
Regards,
Sankar

Reconciliation account for fico

Hi SAP GURUS,
Please explain the need of reconciliation account for fico in ECC6.00.
Thanks
CHEERS
Moderator: Please, search available SAP info (including SDN itself) for basic questions

Dear Milind,
There is account payable and account receivable and asset account in Balance sheet report, and Normally there are a lot of vendor and customer and asset existed in one Company code, then SAP consider how to make the balance of account payable and account receivable and asset account existed in general ledger account and reflected in B/S report, then reconciliation account is used.
The reconciliation account are general ledger account assigned to business partner master records( vendor/customer/asset) to record all transacdtiuons in the subledger.
All postings to te subledger accounts are auto. posted to the assigned reconciliation accounts, the general ledger is therefore always up to date.
Hope the above explaination could helpful to you to understand the reconciliation account!
With Best Regards,
Gladys Xing

Different Reconciliation Accounts for One Vendor

Hi Gurus,
Please tell me how can i use different reconciliation accounts for one vendor?
Thank You
Regards,

Hi,
Follow the below steps
1)IMG--Financial Accounting (New)Accounts Receivable and Accounts PayableBusiness TransactionsPostings with Alternative Reconciliation Account--Define Alternative Reconciliation Accounts
2) In the GL master for the recon. account of your vendor master check the box in CBI tab for "Recon. acct ready for input"
3) Check the box for "Recon. acct ready for input" in the other recon. accounts which you want to use for this vendor.
So at the time of posting suppose vendor invoice the recon account filed becomes active and you can enter the required recon account you want to use
Reagrds
Pratiksha
*Assign points if useful

Alternative Reconciliation Account for Customers

Dear all,
I have to define Alternative Reconciliation Account for Customers but I don't understood relationship between Reconciliation Account for Customers and Special GL account.
Please give a detail example about business scenanio that use these account.
Thanks so much
Minhtb

Hi,
Normally a ledger of any party will have two balances
- Normal balances-
- Balances with Special GL Postings
Items like Down Payment request, Down Payments, Security Deposits etc., are treated as special GL Postings for ease of understandability.
However a link has to be maintained between recon accounts (for the party) and the SP GL Indicator.
Hence we assign an alternative recon account also for the main recon account for sp GL postings
Cheers
Points Please!

Using reconciliation account for banks

hi all,
we are discussing using reconciliation account for banks, we dont want to create an account per each of bank accounts in account chart.
for example
xxx account for ABC Bank in account chart.
and eur, usd, gbr accounts for ABC Bank will be assinged the account which is above via reconciliationing
but we are not sure, is it a good way to do in sap system? or what is plus/minus calculation?
we will be appreciated to see your valuable comments and ideas in this thread.
thanks

Hi,
Don't call it reconciliation, though. Technically, several bank accounts could be assinged to one G/L account. But it will have certain impacts on business process as the reconciliation of bank statements would be more difficult to handle.
Regards,
Eli

Two reconciliation account for same one time vendor

Is it possible to have two reconciliation account for same one time vendor?

Hi
1.Two reconciliation account for same one time vendor IS NOT POSSIBLE.
2.create 2 vendor master for the same ONE TIME VENDOR and maintain the recon account accordingly
3.Multiple recon a/c can be assigned to a vendor only thru spl g/l indicators but if u go thru this way then we cant use the purchase flow of PO-MIGO-MIRO . Vendor invoice can be passed only thru fb60 using spl gl indicators. Spl gl indicators cannot be used in MIRO.
Check which will help u
Thx
Raja

Account is not a reconciliation account for FI-CA

Hi Experts,
During invoicing we are getting the following error:
Account 1000 xxxxxxxx is not a reconciliation account for FI-CA
Message no. >0229
Diagnosis
G/L account xxxxxxxx in company code 1000 is not classified in the master record as a reconciliation account for account type 'V'. You can only use accounts of this type for business partner items.
System Response
Error message: the posting cannot be generated.
Procedure
If the account number specified is correct, change the account master record so that the account can be used as a reconciliation account for account type 'V'.
If you do not want to use the account number specified, correct automatic account determination for receivables accounts in contract accounts receivable and payable (FI-CA).
Please suugest me the required solution for this.
thanks and regards
Deepak Rana.

Hello,
You need to attach Recon account <Type : Contract Account Receivable & Payable> in EK01 for the MT = 0100/0200/0300.
Or Alternatively you can change the existing GL account to Recon account in FS00 as suggested by Cris. But if you already have balance in the aforesaid GL Account in FI, you cannot change it.
Hope this helps
Rgds
Rajendra

Purpose of Reconciliation account for customer

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