Reconciliation Account in Vendor/Customer Master

What is the function of reconciliation account in Vendor/Customer Master?
Regards
Kailash

Hi
The  reconciliation account in the master record records all postings made to a subsidiary ledger.When you post items to a subsidiary ledger, the SAP system automatically posts the same data to the general ledger at the same time. Each subsidiary ledger has one or more reconciliation accounts in the general ledger. These reconciliation accounts ensure that the balance of G/L accounts is always zero. This means that you can draw up financial statements at any time without having to transfer totals from the subledgers to the general ledger.
You can use the reconciliation accounts to make settings:
You can use the reconciliation account to configure the screens for posting items to customer or vendor accounts. Using the reconciliation account you could, for example, suppress the fields for entering exchange rate hedges if these types of transaction are not made.
You can also use the reconciliation account to specify which currencies you can use when posting to the corresponding customer or vendor accounts.
You usually enter the local currency in the master record. Postings can then be made in all currencies to the customer and vendor accounts that the reconciliation account is assigned to. However, you can also enter a foreign currency key in the master record of the reconciliation account. If you do this, you can only post to the relevant customer and vendor accounts in the foreign currency specified.
Thanks & Regards
Sanil K Bhandari

Similar Messages

  • Change in Reconciliation Account of Vendor/Customer

    Hi Experts,
    Can any one please tell me the scenarios where in we change the reconciliation account for the customer and vendor. If we change, what are the precautions we have to take in terms of transferring balance or open items from old reconciliation account to new reconciliation account?
    Thanks,
    SravanK

    Hi,
                   There is no problem to change the account number in the vendor or customer master data, that is :
    All Document Items that were created in the old account will be posted in the same old account when you have a payment posting, compensations, etc.
    All document created after the change will be posted in the new account as well as the payment postings, compensations and others. 
    The system will separate the postings in accordance with the moment at the documents were created. 
    You can do a test in the development client before you do the change in the production. 
    For example :-
    You can create a new reconciliation account because you want the G/L accounts to separate out sales. Just switched the setting in Customer Master and off you go. SAP will recognized the old account for the old postings and used the new account for any new postings. 
    You should run balance sheet adjustment program after any reconciliation account change. 
    The system performs any adjustments required due to the change of reconciliation accounts or G/L accounts. The items from the old reconciliation accounts are allocated to the new accounts. 
    Since you cannot post to the reconciliation accounts directly, the postings are made to temporary adjustment accounts. 
    These adjustment accounts should be displayed along with the relevant reconciliation account in the balance sheet. The postings are then reversed after the balance sheet has been created. 
    The program for sorting the payables and receivables makes the necessary adjustments automatically. This means that you have to define the adjustment account numbers and the posting keys for these postings in the system. 
    If you purchase and install the FI-LC Consolidation application and have bought up a previous customer or vendor (thus also taking on his/her payables and receivables), please refer to the note in the report documentation on changed reconciliation accounts. To define the account numbers, select the activity Define adjustment accounts for changed reconciliation accounts in the Accounts Receivable and Accounts Payable Implementation Guide.
    You should only run this program if your new reconciliation account is classified differently from the original in your FS. e.g.. AR to Intercompany accounts. It will just reclassify the existing balance. The line items will not be transferred. If not then no need to run the program at all.
    Regards,
    Sreehari

  • How to change the Reconciliation Account of a Customer.

    Hi Everybody,
    I went through few posts from users regarding the change of Reconciliation Account in Customer Master, but nowhere the complete process of change of Reconciliation Account is explained. Can anyone throw some light on this and tell  the complete procedure of changing the Reconciliation Account in the customer Master.
    Thanks.

    Dear Himanshu,
    There is no specific process of changing the reconciliation account in customer master because it is not recommended and when you change the reconciliation account in the customer master then system will stop you at all. If you want to change then please follow steps mentioned below.
    1. Clear all the open of the customer whose reconciliation account you want to change. If open item exists and you change then this balance will lie forever in the trial balance which Accounting Standard will not allow.
    2. Once the customer balance does not exist then you can change reconciliation account.
    Another way to do is
    1. You create a copy of the customer you want to change the reconciliation account, put the new reconciliation account in the copied customer.
    2. Then you transfer all posting to the new customer so customer with old reconciliation account will be nil.
    If your profit center functionality is active and document splitting is not active with profit center characteristics then please avoid the second alternative
    Regards,
    Chintan Joshi.

  • Change of reconciliation account in vendor master

    Dear Friends,
    Can anybody tell whether we can change a reconciliation account in vendor master or not.
    If we can change then what is the procedure of changing.
    Regards
    Rahul Jain

    Hello,
    You can change the recon account for a vendor/customer by transaction code XK02/XD02. The original transactions remain in the original recon account. After reconciliation change in customer/vendor will be posted to new reconciliation accounts and whatever old line items in the vendor/customer accounts will not change from old reconciliation accounts. If once cleared, manually you have to clear those open items from old reconciliations before shifting to new reconciliation accounts.
    Thanks
    Para

  • Change account groups in vendor/ customer master data

    Hi,
    Do you think is possible to change account groups in vendor/ customer master data?
    Thanks

    Hi,
    Good evening and greetings,
    Changing the account groups will redetermine the Reconciliation account, which will be creating a chaos during Audit Reconciliation. But if there is a requirement, please go through the following link
    http://help.sap.com/saphelp_47x200/helpdata/en/dd/55f534545a11d1a7020000e829fd11/frameset.htm
    Please reward points if found useful
    Thanking you
    With kindest regards
    Ramesh Padmanabhan

  • Changed reconciliation account in vendor master - Report FAGLF101

    Hi
    When a Recon account is changed in the Vendor Master, a report has to be run to post the adjustment entries using T-Code FAGLF101.
    The query is that, the report posts the adjustment entries through an adjustment account but at the same time also reverses the effect on the first day of the next month.
    Is there a way to stop this reversal. Though I do not select the reversal posting date, system is reversing the entry.
    Further, why is the Recon account not posted to rectify the entries?
    Regards
    Abhishek Kumar

    Hi
    For changing the reconciliation account in Vendor Master and customer master, please follow the following steps.
    1. First change the reconaccount in the customer / vendor master
    2. run the program SAPF101 for adjusting balances of old recon account to the new recon account.
    Problem will be solved.
    I hope it will  clarify your doubts.
    Regards
    Madhav

  • Chnage old reconciliation account in vendor master

    Hi,
    I have changed old reconciliation account in vendor master (that has postings) but the old  balances are not transferred from the old recon account to the new recon account for that particulat vendor.
    I have used tcode F101 after making settings in OBBW for both, new as well as old recon accont with one clearing account.
    Once the F101 is run, a batch input session is created but the same is only posting a consolidated amount as debit and credit to the same account (clearing account).
    Can anyone has ever made done this before, if so, pls send me a detailed steps for the same. I will definitely award highest possible points for this.
    Thanx
    Anirban
    Message was edited by:
            anirban bardhan

    Hi,
    There is no standard programme available.
    Only solution available is:
    1.  Take the open line item list for old recon account.
    2.  Change the vendor master with new recon account.
    3.  Ask you abbaper to create a lsmw to clear the items and repost the line in the same vendor.
    4.  Block the old recon account from further posting.
    This will clear the old items and create new items with the new recon code.
    Hope this helps, if yes, please assign points.
    Regards,
    Harish

  • CATT - vendor/customer master address field length over

    Dear all,
       when use CATT to record vendor/customer master,the address some fields length are over recorded field length(ex. ADDR1_DATA-NAME4,ADDR1_DATA-STR_SUPPL3...etc)
    is there any config in CATT to solve this kind of problem?

    When you are doing your LSMW batch input recording, on selection screen (where you specify the sales org, distribution channel, division, account group, etc) please put a flag on "Use central address management" checkbox (SAPMF02D 0100 >  USE_ZAV).
    In this case you should be able to see and fill the desired fields.

  • Offsetting account in Vendor, Customer and GL line item report

    Hi All,
    There is one requirement from our client. They want offsetting account in Vendor, Customer and GL line item report.(FBL1n, FBL3n and FBL5n).
    As this field is there in selection screen in lay out setting but field coming as blank no off setting account is coming. It was coming in old SAP 4.7 system but same is not coming in ECC6.0.
    Kindly let me know if any development is requirement, if yes than which tables we have refer for the same.
    Thanks and Regards,
    Abhinav Sharma

    Hi Abhinav,
    There is a SAP not and you can refer to that - SAP OSS note 112312
    T.Code: FIBF
    After entering in above T.code
    Follow Path
    Settings  Products of a customer
    Product   : XXXX
    Text        :  XXXX
    Active     :  Tick it
    Click on Back i.e. F3
    Follow Path
    Settings >P/S Function Modules > of a customer
    Event: 00001650
    Product: XXXX
    Function Module: LINE_ITEMS_GET_GKONT
    Now Go to FBL3N display of any account
    After opening the account display click on Change Layout i.e. CTRL+ F8
    And Select
    Offsetting A/C Type & Offsetting A/C no.
    Regards,
    SAPFICO
    Edited by: SAPFICO on Dec 1, 2010 8:26 AM

  • Mass change in Vendor & Customer Master

    Hi All,
    Is there any Mass change available in Vendor & Customer Master?
    Thanks
    Pankaj Garg

    Hi,
    Enter t-code MASS.
    Enter object as per below mention detail
    KNA1: -Customers
    LFA1: - Vendors
    Then click on execute button, You can see the list of fields for vendor & customer master.
    Select field as per your requirement and click on execute button then change data as per your requirement.
    Regards,
    Mahesh Wagh

  • Dual Control for Vendor/Customer Master Data

    We can set Dual Control for Vendor/Customer Master Data. I have set it. According to the cycle, I have customized sensitive field, and make changes in Vendor/Customer A/c. Here the changes will be confirmed by other user who is authorised to confirm the changes. In this scenario, I would like to know, can we avoid this confirmation once we have actived? If, no than how could we confirm the changes and where can we set authorisation?

    Dear,
    No, You cannot avoid the dual check if You activate it. Another user by FK08 has to confirm the changes.
    Then You can delete the field for the dual control into the table T055F and no check will be done in the future.
    I hope this helps.
    Mauri

  • Enhancements vendor/customer master data

    Hi,
    Are enhancements aboutvendor/customer master data there to allow to insert 55 digit into field 'Name' (ADDR1_DATA-NAME1) ?
    Now the ADDR1_DATA-NAME1 is 40 char.
    Any assistance would be greatly appreciated.
    Best Regards.
    Helen.

    Moderator message - Welcome to SCN
    This question seems closely related to your other question Enhancements vendor/customer master data. Please expand on that one if you want. This one is locked.
    Please read [Rules of Engagement|https://wiki.sdn.sap.com/wiki/display/HOME/RulesofEngagement], How to post code in SCN, and some things NOT to do... and [Asking Good Questions in the Forums to get Good Answers|/people/rob.burbank/blog/2010/05/12/asking-good-questions-in-the-forums-to-get-good-answers] before posting again.
    Rob

  • Reconciliation account in vendor master

    When I tried to post a vendor invoice , the system threw the error that posting cannot be done as reconciliation account has not been assigned to the vendor account . when I checked the master record for the concerned vendor , the recon account field is deactivated .
    In SPRO mode , I changed the field status ( screen layout per account group, per company code ) from optional to required . However ,  in the vendor account , the field status has not been activated for entry .
    What could be the reason , and how to make entry into this field ?
    Vandana .

    Dear Vadana,
    Use OB23 transaction code and remove dispaly
    Suma

  • Changing reconciliation account on Vendor Master.

    Hi All,
    We want to change the reconciliation account for 5 Intercompany vendors. The business reason is to differenciate the normal and Intercompany vendors.
    I wanted to know how to send the open items from the old reconciliation account to the new reconciliation account for a Vendor.
    Thanks
    Rajanikanth

    Hi Fren,
    The reconciliation account can still be changed. However there is some configuration changes needs to be done.
    A. Set the u201CReconciliation Accountu201D field in the vendor master as optional field.
    Transaction code: OB23 (IMG)
    Change both Accounting and Centrally part.
    Set the status of u201Creconciliation accountu201D field to optional entry from display only
    Next move on to:
    B. Define Adjustment Accounts for Changed Reconciliation Accounts
    Transaction Code: OBBW
    Finally move to,
    C. Run Balance Sheet Adjustment Program
    Transaction Code: F101
    Hope this helps you.

  • How to reconcile Reconciliation account with Vendor master (Very urgent)

    Hi,
    My reconciliation account balance is not tallying with accounts payables. There are 250 vendors are there.
    Is there any programme to check this, or we have do manually??
    Early action would be highly appreciable and points will be added for the best one?
    Cheers,
    Veena

    OK a few things to check.
    Is the recon account, post automatically only?
    Have all vendors got the same recon account?
    Do you use special GL indicators, i.e. different recon accounts?
    Have any Vendors changed recon accounts this year?
    Are you comparing like for like?
    Have you transfered the balances over from the last fiscal year?
    You can run reports to see the total of the Vendor open items and compare that to the balance of the recon account, whatever the difference is you search for that amount as a single entry.
    How many line items have you got for 250 Vendors?

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