Single GL account Bank Reconcilation

Question

Hi FI Gurus,
My client has single Bank account rather than 3 GL account consisting of Main, Issue Clg, deposit Clg. Now they want to do bank reconcilation. Can it be possible to do bank reconcilation for Single GL (main) account. If yes then what I need to do. Please tell me in brife. Thanks in advance.
Regards
pkash

Answer 1

Hi,
From what you tell me I understand that, the 13 company codes are using Bank reconciliation are  possibly they are using a common Bank Reconciliation configuration.
Normally to make the configurations simple, all Bank clearing GL accounts end in 01 and all main Bank GLs end in 00.
The Bank Reco config is at chart of accounts level and the accounts are configured with masking and not the actual GL accounts as follows : This way the config is applicable to all the different Bank GLs of the different Co. codes.
Main Account    ++++++++0
Clearing account ++++++++1
So if you follow my earlier suggestion for the new Company code and convert the existing GL account to a clearing account , you may not be able to use the existing config present for that Chart of accounts as the GL numbering may be opposite.
However I think you can still configure new Company code for Bank Reco. Create the new GL and setup Main and Clearing accounts as explained earlier.
Create a copy of the existing Bank reco config in same Chart of accounts in the following manner :
u2022     Define New account symbols for the 2 GL accounts of the new company by putting in exact GL account numbers.
Example :
o     Main Account u2013     7500001
o     Clearing Account u2013 7500000
u2022     Define new posting rules with new symbols. 
Additionally for Manual Bank Reco-
u2022     Create New business Transactions and assign the new posting rules
Additionally for Electronic Bank Reco-
u2022     Create new Transaction type even if the existing banks are using the same file format
Example u2013 if your existing banks for the other Co. code use BAI transaction type, and your new bank also has BAI type.
you cannot use the existing transaction type as it will refer to the old posting rules.
So create new Transaction type u2013 ex . BAI-CCN10 , and copy the same external trans of BAI, but assign to the new posting rules
u2022     Assign your new Bank to the new transaction type
I think this should work.
Please let me know if this helps  resolve your issue.
Thanks!
Uma