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

Similar Messages

  • 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

  • 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

  • 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

  • Change in reconciliation account for AP

    Hi,
        I would like to change the reconciliation of many vendor master from recon account 1234  to 2222. (1234 will not be used and if possible, to be blocked for posting)
        There will not be any impact in the financial statement version because both recon. accounts are grouped under the same header "Accounts Payable".
       Am I right to do the following steps :
      1.    Do I need to configure adjustment entries for account for 1234  to adjustment account 9999  ??
      2.    Change the recon. account in master data from 1234 to 9999.
      3.    Do I need to execute program FAGL_CL_REGROUP (Balance Sheet adjustment program for New General Ledger) ?   Bearing in mind, that there will not be any impact to the Balance Sheet.
    4.    With the recon. acccount now changed to 9999, how will the open item in 1234 get cleared ? As new postings to the changed vendor will now be posted to 9999.
    Thanks and regards,
    Leslie
       Regards,
       Leslie

    Hi,
        I would like to change the reconciliation of many vendor master from recon account 1234  to 2222. (1234 will not be used and if possible, to be blocked for posting)
        There will not be any impact in the financial statement version because both recon. accounts are grouped under the same header "Accounts Payable".
       Am I right to do the following steps :
      1.    Do I need to configure adjustment entries for account for 1234  to adjustment account 9999  ??
      2.    Change the recon. account in master data from 1234 to 9999.
      3.    Do I need to execute program FAGL_CL_REGROUP (Balance Sheet adjustment program for New General Ledger) ?   Bearing in mind, that there will not be any impact to the Balance Sheet.
    4.    With the recon. acccount now changed to 9999, how will the open item in 1234 get cleared ? As new postings to the changed vendor will now be posted to 9999.
    Thanks and regards,
    Leslie
       Regards,
       Leslie

  • 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
    Please reward points if helpful

  • Get Open Items for GL Reconciliation account for Customers

    Hi All
    We have a difference on our AR to GL reconciliation, we are unable to view all postings to the GL account using Tcodes FBL3N or FS10N ?  - the function is not available on that GL account.
    how do we compare the open items on customer accounts to the postings in the GL reconciliation account if we can not get a line item report ?
    Thanks in advance for any assistance
    Dylan

    Hi,
    Generally for recon accounts, the indicator Lina item display will set to off. So you will not get line items for your recon account in FBL3N report. But still you can get the GL balances in FS10N for that recon accounts.
    If you want to see the line items also for that recon account, then go to master data of that GL and select Line item display option  and block the account in company code for postings temporarly.
    Now run report RFSEPA01 in SE38 for you recon GL account.
    Again go to GL master and unblock the blocking indicator.
    Now check the line items in FBL3N for that recon account.
    Thanks,
    Srinu

  • Change the Reconciliation Account for the FI Document

    Hi,
    I like to change the reconciliation account of the line item in a FI Document, which will be created FROM MIRO or MIR6 trxn. I have tried the BTE - 00001120, I can modify the required field, but at the time of posting it's again fetching the default reconciliation account.
    Can any one plz suggest me the way to solve the problem? Please suggest.
    Thanks,
    Kuntal

    HI Kuntal,
    I'm facing same problem as yours.
    I posted a msg at this bulletin also, but the same, nobody answered me.
    Have you found any solutions yet? Kindly share to me if you have.
    Thanks a lot in advance!
    Best regards,
    Miao

  • FBL5N for Alternate Reconciliation Accounts

    Hi all,
    I have created two reconciliation accounts for one single customer and posted entries using original recon account as well as alternate reconciliation account.
    But when I draw FBL5N, and in the dynamic selection criteria enter the alternate reconciliation account, and execute, I am getting the message that no item exists. But when I am not entering any account there or even when I enter the original Reconciliation Account, I am getting all the items in the report including entry for Alternate recon account.
    Could you please let me know how to draw reports for different reconciliation accounts?
    Thanks & Regards,
    Sajan C P

    Hi Sajan,
    Try this route:
    SAP Easy Access: AR>Info systems>Reports for AR Accountg>Customer Balance> S_ALR_87012172
    Here you can once use the recon acct under further selections, click on normal balance under output control,
    then again use alternate recon acct under further selections and click on Spcl GL balances under output control
    But you will see only balaances, not line items
    Try if this solves your problem
    Sanjay

  • Breakdown for a reconciliation account - in BCS

    ECC6.0 / SEM6.0
    Client is a service provider.
    Its accounts payables constitutes in majority amount payable to financial institiutes.
    In GL it has one reconciliation account for all these accounts payable.
    Since we can map only one item to a GL in the item hierarchy, how to ensure the breakdown for this item.
    Can we reflect this through a breakdown category - if so how?
    If not, request your insights.
    Cheers
    Kumar
    Edited by: Kumar on Jul 31, 2008 8:38 PM
    Edited by: Chakradhar Chilukuri on Jul 31, 2008 10:47 PM

    Eugene - sorry i misled you to answer how to derive trading partner for Vendors.
    Scenario - My accounts payable consists of outstandings to various financial institutes. These financial institutes are not my trading partners.
    I want to see in my Consolidation reports - break up of the accounts payable - broken down by amount due to each financial institute seperately.
    Since GL has one reconciliation account for all these line item data in AP, we can map only this reconciliation account to an item in the BCS.
    Stuck here - how to bring that break up into the consolidation system.
    I cant give financial institute as a trading partner in the vendor master - that would be a fallacy.
    Re : -  It's for legal consolidation only - Yes
              Rest all conditions - Yes.

Maybe you are looking for