Vendor / Customer as Main Ledger

Hi Frnds,
Can the Vendor and Customer be maintained as Main Ledgers.
When they can be maintained so, why the sub ledger concept is introduced & what are its advantages.
Help me on this.
Regards,
Venkata.

Hi Venkata,
We can maintain Vendors and customers as main ledgers but there is no point of creating them as main ledgers.Like for example if you have 1000 vendors in your system then how you will manage each of them as General ledger account.
In balance sheet  consolidated balance of debters and creditors is required not each line item wise.
Subledger functionality is introduced in SAP to get the subledger wise balance instead getting balance for each vendor.
While designing chart of acounts in SAP this should be kept in mind that all relevant  GL accounts should be opened for the reconciliation accounts of vendors and customers.
If we create all the customers and vendors as main ledger accounts then whats the use of introducing SAP ,because this functionality is used only in old erp or accounting systems.
Hope this will help you.
Thanks
Deepa

Similar Messages

  • Sub-ledger other than vendor/customer/assets

    Hi
    Our client is having requirement to have sub-ledger (other than vendor/customer/assets) for outstandings and required a report with opening balances, debits, credits and closing balance sub-ledger wise.

    Hi,
    As per your requirement from what i have understood please correct me if I am wrong.
    You want to book your expense with reference to an Outstanding GL.
    Then pay off using the Outstanding GL.
    And you don't want to show the expense gl but should reflect in your Outstanding GL.
    If this is your requirement then please clarify that you don't want to show the expense in TB and also you want to show the amount in Outstanding GL which is a Balance Sheet account.
    At the time of payment what GL will you use and also if you are not showing the expense in the TB then where you want this expense to reflect.
    Edited by: lolu jo on Feb 14, 2012 12:34 PM

  • 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:
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    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

  • How to make the cost center or WBS field optional for Vendor/customer line?

    Dear experts:
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    I've tested in system, neither the field status control in GL account master data nor the FSG in posting key worked, I can't let the WBS field to display in the screen and ready for input.
    So my conclusion is that the FSG control in  not completely effective for customer/vendor line, it there any other method to let WBS to be optional in custer/vendor line items?
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    Hi, Lu:
    If I understand your question correctly, you want to modify the FSG of recociliation account of Vendor/Customer to make sure Cost Center/WBS field display in transaction F-22/F-43 for example, right?
    I am not sure whether it is possible, I also tried in ECC6.0 but failed to show these two fields. And I think that doesn't make sense to assign CO object to AP/AR reconciliation account, but assign it to Revenue/Expense account in following line items.
    And You can use New General Ledger functionality Document Splitting to derive corresponding CO object information to Reconciliation Account line item, but it is enabled only in General Ledger level, not in subledger level.
    If you find any other meaningful solution, please also share with us.
    Thanks & BR, Lawrence

  • Vendor/Customer balances carryforward issue

    Hi Team,
    My Client last year (2008 ) not carryforward the vendor/Customer balances through F.07.
    But this year (2009) carryforward the balances.
    The thing is cumulative balances not showing properly since 2008.
    In this senario can I carryforward the balances again 2007 to 2008 and 2008 to 2009. or any other alternative ways is there.
    Regards,
    Bharath

    Dear Bharath
    Yes you have to carryforward the balance again 2007 to 2008 and 2008 to 2009 for Customer/Vendor through F.07. But after doing that you have to carryforward the balance again 2007 to 2008 and 2008 to 2009 for General Ledger respectively through F.16
    Hope it solves...
    Cheers
    IMK

  • Profit Center : Reflect - Vendor, Customer, Bank/Cash Balance

    Dear Experts,
    Ref. : Reflect - Vendor, Customer, Bank/Cash Balance, Balance Sheet GL Accounts - Profit Center wise.
    When we do postings to P&L Items, we assign a CO / Cost Object. Such Cost objects may be Orders, Cost Centers, etc., which has a Profit Center assigned to it.
    Now, we wish to view Balance Profit Center wise.
    My Concerns :
    1.  Can Vendor, Customer, Bank/Cash Balance, Balance Sheet GL Accounts - Profit Center wise. Since we do not assign CO objects to such line items, but the correspondense line items (P&L GL) has a CO object.
    2.  If yes, how do we move balance of such items, to Profit Center / profit Center wise.
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    Regards,
    Hussein.

    Hi,
    Are you in ECC activated new G/L? If yes, then you can define Profit Center as Document Splitting Characteristic for General Ledger and profit center will be in the AR/AP line item as well in ledger view (though you don't enter profit center during document entry).
    You cannot give the Profit center in line item level to the Subledger accounts like vendor and customers.Vendor and customer accounts take the profit center from the offsetting entry.If want to see the profit center to the particular document, open the document go to Environment field and select Balance Sheet Adjustment option.
    If you want to see the Profit center wise payables and receivables, use T.code GR55 and take report group 8A90 for Periodic Receivables and 8A91 for Payable.
    If you want to see the all payables with Profit center use Table BFOK_A for vendors BFOD_A for customers.
    Regards,
    Viswa

  • Vendor / customer reports as per Segment / PCtr wise

    Hi
    We have created profit centers with out any assignment to the segments. As per requirement we are using the segments across the profit centers. In New GL reporting, we are getting the TB as per Segment and profit center combination (for GL accounts only). But my client is asking the report for the Subledgers also means they want to see the Sub ledger balances according to the Segment and the profit center combination. I found some reports but they are not up to the mark. I need a report for the following selection criteria i.e.
    Segment - Co.Cd - Profit center - Recon a/c / Vendor / customer number range interval - Period / date selection.
    So please seggest me some reports which fulfills the above selection criteria or to some extent.
    Please help me,as I stucked for this requirement.
    Thanks & Regards
    Ramki

    Hi Babu
    Thanks fo ryour valuable reply. I went trhrough the t.codes and those all are fine. But thing is, is there any possiblity to get a segment and profit center reports in one report?
    And in S_PC0_36000218 system is taking the PCtr groups only, I need the system to take profit center also.
    Please give me your valuable suggestions in this regarding
    Thanks & Regards
    Ramki

  • Profit Center on Vendor/Customer Reconn account

    Hi,
    I have a requirement where we need to replace the dummy profit center on the Vendor/Customer line item in the Accounting document with the profit center from the offset line item. The transactions that will be used MIRO, VF01 and FB60.
    We cannot user 3KEI or 3KEH since the profit center is dynamic and needs to be copied from the second line item in the accounting document.
    I have used substitution rules to achieve the same. But the same does not work for MIRO since the BSEG-BUZEI is not populated and I do not have access to the entire item table to do the modification in the program of substitution.
    Please let me know if I can achieve the using substitution or is there any exit or BADI that can achieve the same.
    Thanks,
    Preetham S

    Hi
    If you have new GL, profit center is copied from the second line item. I believe, you need to check your splitting configuration throughly. There is no need for any BADI or other configuration settings. Follow the path
    IMG>Financial Accounting(New)>General Ledger Accounting (NEw)> Business Transactions>Document Splitting>Extended Document Splitting>Define Document Splitting Method
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    Thanks & Best Regards
    Sanil K Bhandari

  • Vendor / Customer Master Report

    Dear Experts,
    Would you please inform me if there is any standard report in SAP which generates master for all the customer / vendors created, having below mentioned fields:
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    Vendor / Customer Name
    Address
    Contact Details
    Telephone no
    Mobile No
    E-Mail id
    Company Code
    Date of code creation
    Nature of vendor / customer
    Date of Birth / Incorporation
    PAN No.
    TAN No.
    Service Tax Registration No
    Bank Details
    Tax code attached to them
    Thanks & Regards,
    Ripon Paul

    dear friend,
    please try S_ALR_87012179 (customer list) and S_ALR_87012086 (vendor list)
    you would also try to build sap queries based on KNA1 , LFA1 tables
    good luck!

  • F110 - Automatic payment Program    Vendor /Customer Clearing

    I have entered all the settings related to the Vendor/Customer clearing.
    1.Entering the Vendor and Customer account numbers in the relevant master records.
    2.Activating the clearing with Vendor/Customer in both master records.
    But when F110 is executed,the customer line items are thrown in the exception list.The line items are all due on both the sides.When i reallocate the customer line item,it is giving the option of deducting it from the Vendor line item.
    It has to do autmotically and pay the balance amount to the Vendor,instead of doing it manually.
    Request to contribute your ideas for solving this issue.
    Regards
    Sunil

    Hii Neeraj,
                   The error says it consists of the debit balance.But the settings are already made in both the vendor and customer records.But if we click the execption item and reallocate ,it is accepted to deduct it from the vendor line item.
    Thanks and Regards
    Sunil

  • Profit centre-wise Vendor/Customer outstanding

    I am working in ECC6. Profit Centre and Segments are activated.
    While I am posting a vendor invoice, I assign the profit centre in the expenses account and the vendor is also posted to that profit centre while posting.
    Now my requirement is to view the profit centre-wise vendor outstandings. I tried to execute the Open item report per profit centre (S_ALR_ 87013343 & S_ALR_87013344). However, I am unable to see any output figure. The list is coming as zero. System shows a message "Report 8A4-0012 does not contain any data pages".
    Is there any other report or what is wrong with the above report ?
    Regards

    The profit centers are not posted directly in PCA.
    The Vendor/Customer reconsilatin accounts should NOT be 3KEH
    Have you run:
    F.5D - Calculate
    F.5E - Post
    F.5F - Display Log
    or
    1KEK - Transferring Payables/Receivables

  • Sort Key .... where we can see the activity in GL, Vendor, Customer mater

    Hi gurus,
    what is the use Sort key,
    where we can see that activity.  in GL Accounts, Vendor, customer master sort key where we can see effects. what is the use, how it will sort, where i can see.
    Thanks  for your reply.
    Anil

    Dear Anil,
    Sort key is the one that fills the "Assignment field" of a line item automatically.
    For example, for the GR / IR accounts, we normally give the "Purchase Order" as the sort key. This will make the line items in the GR/IR account to be filled with the Purchase order and the Item number.
    The automatic clearing (F.13) works with the assignment field. In case the net of two line items (Dr - Cr) is equal to zero and the assignment field of these two lines are the same, then the system will automatically clear these two lines. Hence "Sort key " fills the assignment field and is very useful in automatic clearing
    regards
    Venkatesh
    Assign points if useful

  • Where we can link the vendor & Customer open and cleared iteams.

    Dear Experts,
               Vendor & Customer open line iteam and clear line iteams tables is BSIK, BSID, BSIAK,BSAD, But where we can link the open iteam and clear iteam, what is the link table of open iteam and cleared iteam. And where we can link the vendor & Customer open and cleared iteams.
    For example vendor & Customer linked table is KLPA.
    Same above the G/L open line iteam and clear line iteams tables is BSIS, BSAS,where we can link the open iteam and clear iteam, what is the link table of open iteam and cleared iteam.
    Thanks in Advance,.
    Srinu.M.

    Sorry to say you but it is mandatory.
    Everybody is trying to help others and solve their problem. When you say i am not asking for that and looking for this, it looks a bit arrogant.
    Tables are
    Customer
    BSID (open items) and BSAD (cleared items)
    Vendor - similarly
    BSAK and BSIK
    Totals
    BSEG, BKPF
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    Edited by: nkonnipati on Jan 28, 2012 5:51 AM

  • Few queries about foreign revaluation for vendor/customer open items

    I am trying the transaction F.05 for the first time for vendor & customer open items in foreign currency. I have a few queries:-
    1. The ouput contains 2 exchange rates. One is picked from the transaction header. My query is from where is the other rate being picked up. In my current system, I could make out that exch rate in transaction header is being picked automatically from table OB08....however I am unable to deduce the source of the 2nd exch rate.
    2. What is the significance of "balance sheet preparation valuation". Earlier in test runs, only "new difference" was getting populated. However the user wanted to see "old diff" also. So while doing some trial run in test client, I checked the "bal sheet prep valu" and posted.....after this run, I am getting values in "old diffe" and "new diff" also. And the posted amount is the difference of the two. What is the significance and ideal way?
    3. Should the entry be reversed if I am revaluating at year end? Why I am asking is because in some threads I read that revaluation at year is not to be reversed....
    Thanks,
    SM

    1. To find out difference latest date(Key Date for OI Overview) will be taken by comparing with document posted dated. Based on that system shows diffrences
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          statements. You should therefore carry out the valuation before the
          grouping of receivables and payables with program SAPF101. The valuation
          difference is then noted in the document. Use the valuation areas to
          calculate a different valuation method, or to save the result for further
          processing activities.
    3.   we need to reverse entries .

  • How to upload  Vendor/Customer Open items through  Items

    Hi,
       I want to upload the data for vendor open items / customer open items ( F-02 Transaction )through LSMW. There is no Object and methods are present for Batch Input or direct input. Is any BAPI or IDOC is present for this. If available, Please provide it.
    Thanks & Regards,
    Dhiraj.

    Hi Harish  ,
    can u tell me Y want to Upload data for Open Items ? let us know the requirement.
    as per my understanding : Open Items means Item which are ready to receive / send amt to Vendor / Customer.
    Regards
    Prabhu

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