Reconciliation Account in General Ledger

Hi,
May i know use and where to create Reconciliation Account in General Ledger(CM-COMPANY CODE DATA).Did't find in forum fully.
Thnks
RAVI
Edited by: SDRAVI on Jun 9, 2009 3:57 PM

T.Code FS00 There U will find the following radio buttons:
Find
Create
Dispaly
Change
Copy
Block
Set for deletion
Select Create icon for creation of new gl account.
Then give account number and press enter. Then system asks description of gl.

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ACCOUNTING ENTRY를 GENERAL LEDGER로 TRANSFER 할수 없는 경우

제품 : FIN_AP
작성날짜 : 2003-05-15
ACCOUNTING ENTRY를 GENERAL LEDGER로 TRANSFER 할수 없는 경우
===================================================
PURPOSE
Problem Description
symptom: Cannot Transfer Accounting Entry To The General Ledger
accounting entry를 general ledger로 transfer 할수 없는 경우
Accounting Error Code(에러 메세지) : The account code for this line is not valid
symptom: Accounting entries have accounting entry creation errors
accounting entries에 accounting entry creation error가 발생
cause: The cause of this problem is still undetermined.
아직 정확한 원인은 파악이 되지 않은 상태이다
Workaround
AP에서 appove된 후 에 GL에서 ccid가 disable된 송장을 다시 process를 하기 위한 스텝
The Charge account did not create after running Payables Accounting Process.
Charge account가 Payables Accounting Process를 실행한 후에도 생성되지 않는 경우
사용자는 gl의 CCID를 enable해야만한다.
업데이트된 accouting entry들의 accounting lines를 업데이트 해야 한다.
그리고 AP Transfer to GL을 다시 돌린다.
GL의 Journal Import에서 transaction은 다시 에러를 발생시킬것이다.
이 경우 사용자는 Journal Import를 맞게 다시 적용해야한다.
transaction이 성곡적으로 gl로 enter한후 CCID를 다시 업데이트 하고
Journ Import를 실행한다.
Solution Description
Reference Documents
-------------------

In House Cash Accounts and general ledger account

can somebody please try to explain me how the booking look like for an internal payment with ihc? (bookings in ihc, general ledger.....)
maybe this question is a little bit silly: how could I imagine, how the subsidiray know that they have a claim/ debt vs. the in house bank? do they have an extra general ledger account for this or some other accounts anywhere else?
do you understand what I want to know?
Thx in advance

Hi
you will find your payment to or from the IHC center just like for any other bank posting - on the bank reconciliation accounts. So if you have an unmatched item here - something is wrong. You can choose to have special bank reconciliation accounts for the IHC payments if the company is also paying directly to external banks.
The important thing when entering the vendor invoices is thus that they are entered with the correct pmt instruction i.e. internal bank otherwise they will never be sent to the IHC center. If you receive customer payments from both the IHC and external banks - and you use different bank recon accounts - you thus need to find a way to distinguish these payments so they are cleared correctly when uploading bank statements.
Hope this answered your question
Lone

FB01N-posting reconciliation account to specific ledger group

Dear all,
I wwould like to adjust certain customer/vendor account via FB01N with specific ledger group, however, I got an error message 'FAGL_POST_SERVICE 034, Postings to ledger ZL not permitted with account type D'.
would anyone know how to solve this problem? thanks.
Rgds,
Ben

Hi Ben,
Current design is that the account type S and non-open item managed accounts are allowed for FB50L. FB50L is designed to make 'adjustment' postings depending on the requirement for period-end closing operations. Open item managed accounts (including vendor, customer..) will be processed for clearing but clearing must be done for the leading ledger and also it doesn't give an option to make clearing only for the non-leading ledger.
Kind regards, Kyoko

What is Reconciliation Flag in General Ledger.

What is feature of GL Reconcilation available in R12. How should we update the Reconciliation Flag automatically.

This is to allow reconciliation of accounts which should net to zero.
The configuration is to flag which account codes should net to zero and therefore be automatically reconciled if net to zero.
I have not actually used this feature as yet but i guess it means those flagged accounts do not have to be manually reconciled at month end if they net to zero and therefore
shows that there is some issue if they do not net to zero.
Hope this helps.

Net Income account in General Ledger

I have a requirement of finding out a period's (say June-00) Current Profit/loss(Income - Expenses) in GL.
I have enabled Average Balace Option in the Set of Books. I had specified a Net Income Account. Does Net Income account carry standard balances besides average balances? Is it equivalent to Profit / Loss figure for a period?
Any clarifications on this will be highly appreciated.
Thanks in advance
Can somebody

The net income account is defined a non-postable account to capture the net activity of all revenue and expense accounts. It stores the aggregate balances to compute the net income impact on the retained earnings average balances for any given period, quarter or year.
The primary difference between the non-postable net income account adn other balance sheet accounts, is that its balance does not roll forward when you open a new year. Instead, GL resets the account to zero when revenues and expenses are closed out to retained earnings at the end of the year.
You could query this account on line (Inquiry->Average) for the year end (Dec)to ensure that the defined net income account is resetting itself to zero.
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by NRKMurthy:
I have a requirement of finding out a period's (say June-00) Current Profit/loss(Income - Expenses) in GL.
I have enabled Average Balace Option in the Set of Books. I had specified a Net Income Account. Does Net Income account carry standard balances besides average balances? Is it equivalent to Profit / Loss figure for a period?
Any clarifications on this will be highly appreciated.
Thanks in advance
Can somebody <HR></BLOCKQUOTE>
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Profit Center Derivation : Asset Accounting (New General Ledger) ?

I have configured & activated new GL Accounting in my system (ECC 6.0). All my splitting & derivation is working except for transactions related to assets. Whenever I try to do a posting against asset, I get following generic error.
Balancing field "Profit Center" in line item 001 not filled
Message no. GLT2201
Diagnosis
The field Profit Center marked as balancing is not filled with any value in line item 001, even after document splitting.
System Response
The document cannot be posted.
Procedure
First check your entries.
Additional causes could be:
No value can be derived for this field from the current document data.
You have entered a document type that is not designed for this business purpose.
I have done & checked the following :
1. given cost center in asset master which derives the business area. the profit center is given in the cost center master
2. checked the field status group for the asset recon. a/c, posting keys 70, 75 where PC is optional.
3. Confirmed that doc type AA and asset recon ac are characterised for splitting.
I am clueless why is the asset not taking the profit center during transactions.
any welcome would be deeply appreciated. ?
pls answer ??
Moderator: Please, search SDN

Hi, you need to activate cost center in AA,and make it optional for account and posting key, then PC'd derive from Cost center
Also check While posting F-90 profitcenter is blank and Grey mode
Edited by: alex ice on May 23, 2011 8:28 AM

Oracle apps account receivable, account payable, general ledger tables help

hi all,
iam new to oracle apps...
I want to know all the tables for AR, AP, Gl with all variables..
where can i get all the info abt tables with columns(description) fro AR,AP,Gl
regards
srinivas
waiting for ur earliest reply....

Here are import transaction tables
AP:
ap_invoices_all (invoices)
po_vendors (vendors, TCA architecture view)
po_vendor_sites_all (vendor sites, TCA architecture view)
ap_checks_all (checks)
ap_invoice_payments_all (invoices - checks)
ap_schedule_payments_all (schedule payments)
AR:
ra_customer_trx_all (transactions)
ar_customers
ar_cash_receipts_al
ar_customers_v (customers, TCA architecture view)
GL:
gl_je_batches (batches)
gl_je_headers (journals)
gl_je_lines (journal lines)
gl_balances (balances)
HZ:
hz_parties (parties)
hz_party_sites (party_sites)
For more information on Oracle Financials and Oracle Applications please visit video tutorials at http://handsonerp.com
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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

Payment accounted in AP but not posted in General Ledger

Helloo everyone,
I have an issue.
Some Payments have been accounted in AP. However when querying the account in General ledger nothing is found.
As you can see from the above Accounting has been processed and GL date is 26 Feb 2015, However same information cannot be found in GL.
Grateful if anyone can pinpoint me to scripts or oracle docs to resolve this issue as it is impacting on the reconciliation process.

Hello,
Normal: the transfer to GL request was run on 05 Mar 15
Now, let us look for the corresponding Batch Name and Journal Entry Name in GL
Please, in the lines shown in print screen you posted, click the + (show) icon for cash accounting class:
Under General ledger header you should see Batch and Journal Entry Names:
If these values are populated in SLA, then search them directly in Enter Journals from (General Ledger Responsibility) and update this discussion
Thank you

Offset account name for BP is missing in the general ledger report

Hi all,
while taking the ledger report of a cash account through General ledger report in the financials ,it is not showing the Business partner name ,it is only displaying the code.
Regards,
naresh k

Hello,
I am trying to get the "Offset Account Name" to print in the paper report. For the "on-screen" report it is displayed and can be toggled in the form settings, but this has no impact on the printable reports. I have looked all over trying to figure out an easy way to just add the data into the report, but for the built-in Crystal report, all the items come from the "PLD_Items" database. PLD_Items F_120 is the field for the Offset Account Code, but I don't know which one it is, if it's even there, for the description field.
Short of writing an entirely new report, is there a way to add this field?
Thank you.

Define field group in general ledger accounting

what is the use of 'define field groups', which comes under general ledger accounting- master date- additional activities, & how can we assign it?

Dear Siddhi,
In IMG under
Financial Accounting -> General Ledger Accounting -> G/L Accounts -> Master Data -> Preparations or
Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> G/L Accounts -> Preparations
Field groups:
Screen Fields are grouped into field groups. Field Status would idnentify the staus of particular field where as field status group would identify the status of group of fields.
Example:
Account control
Account managemen
Document entry
Bank/financial de
Interest calculat
Joint venture
These groups would intern have fields.
When creating a G/L account, you must specify an account group.
The account group determines:
o   the interval in which the account number must be
o   which fields are required and optional entries when creating and changing master records
o   which fields are suppressed when creating and changing master data.
It enables you to control the layout of screens.
You use account groups to combine accounts according to the above criteria (for example, a P&L account group, asset account group and material account group).
Hope this will help.
Regards,
Naveen.

F.05 Posting for general ledger account .......[Error]

Hi expert,
I am running a transaction in F.05 and encounter several error messages such as:
1 Incorrect account determination: ABC 11111 >> No performance Assistant message
2 Enter account number with a maximum of 10 characters No performance Assistant message
3 Posting for general ledger account 11111 amount >>
Performance Assistant message prompt:
Posting for general ledger account 11111 amount 199,999.00 set in batch input
Message no. FR008
Diagnosis
In an evaluation that affects the financial statements, the posting for company code ABC and G/L amount 199,999.00 SGD, could not be carried out.
System Response
The posting is entered in a batch input session.
Procedure
Correct the error, for example, missing account determination, and run the batch input session. This ensures that the posting and the evaluation difference noted in the documents agree again.
Please advise.
Thank you!

1. Financial Accounting (New) > General Ledger Accounting (New) > Periodic Processing > Valuate > Foreign Currency Valuation.
Check your settings
2. Check if how you have defined you account groups in OBD4. Most probabaly you have defined 10 digit account length.
3. Check if the document type is relevent only for batch input.
Rgds
Harmees

Difference Between Special Purpose Ledger and New General Ledger

Dear All,
Could any boy explain me the difference between Special Purpose Ledger and New General Ledger?
Regards
JS

Hi
General Ledger Accounting (FI-GL) (New) The central task of G/L accounting is to provide a comprehensive picture of external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate. Beyond fulfilling the legal requirements, General Ledger Accounting also fulfills other requirements for modern accounting: - Parallel Accounting General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles. - Integration of Legal and Management Reporting In General Ledger Accounting, you can perform internal management reporting in parallel with legal reporting. For this purpose, the Profit Center Accounting functions are integrated with General Ledger Accounting. Furthermore, you can generate financial statements for any dimension (such as profit center). - Segment Reporting General Ledger Accounting supports the segment reports required by the accounting principles IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles). For this purpose, General Ledger Accounting contains the Segment dimension. - Cost of Sales Accounting You can perform cost of sales accounting in General Ledger Accounting. For this purpose, General Ledger Accounting contains the Functional Area dimension. Features General Ledger Accounting comprises the following functions for entering and evaluating posting data: - Choice between group level or company level - Automatic and simultaneous posting of all subledger items in the appropriate general ledger accounts (reconciliation accounts) - Simultaneous updating of the parallel general ledgers and of the cost accounting areas - Real-time evaluation of and reporting on current posting data, in the form of account displays, financial statements with different balance sheet versions, and additional analyses. In this way, General Ledger Accounting automatically serves as a complete record of all business transactions. It is the central and up-to-date component for reporting. Individual transactions can be checked at any time in real time by displaying the original documents, line items, and monthly debits and credits at various levels such as: - Account information - Journals - Totals/transaction figures - Balance sheet/profit and loss evaluations However, SAP still offers to choose between the New GL and the old Classic GL way of accounting. There are certain limitations in the new GL and clients are adopting to the new gl concept.
You also see the nsap note 756146
Regards
Roobal

Reconciliation Account Type in FS00

Hi All,
I have installed IDES ECC6.0 and wanted to create GL through FS00.
It has all the fields except Recon. Account for acct type in Control Data.
Please help me how would I define Recon acct type for a GL.
Regards,
Ankur

Dear
This needs to be checked in Layout.
Img -->Financial Accounting(New) -->General Ledger Accounting(New) -->Master Data -->G/L Accounts -->Preparations -->Additional Activities -->Layout for Individual Processing
1.Define Layout
2.Assign Layout to Chart of Accounts.
3.Define Screen Layout for each Transaction
Regards
Venkat
Edited by: Venkat Dara on Sep 2, 2009 9:11 AM

Reconciliation Account in General Ledger

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