Vendor reconcillation Account-Problem

Hi all,
         When creating a vendor, I need to enter the reconcillation account for the vendor. However, in my system, no such number is defined before. How do I solve this problem? Company code, Plant, S.Loc, P.Org are all created and necessary assignments have been done.
Regards,
Chiranjib

Hi
Recon account is a balance sheet type GL account. Create a GL account with account group as reconcillation account and field status group as reconcillation accounts (G067) in FS00 and then assign it in vendor mater.
Thanks

Similar Messages

  • Change the Vendor Reconcillation Account

    Hi,
    I want to change the reconcillation accounts of few vendors and regroup them. However i have some balances left in the existing reconcillation accounts.
    What is the standard prcoess to change the vendor reconcillation accounts.
    Please advise.
    Thanks in Advance,
    Safi

    Hi,
    If that is the case,
    1. you need to nullify the amt which is exists in the
        Old Reconciliation account to the new Rec Account.
    2. Once the balance is nill for the old reco account, block the GL for the postings
    3. Finally you can assign the New Reco accounts to the
    Vendor Master data.
    I tnk this is helps you.....
    Regards
    AA

  • Changing vendor reconcillation account

    Hi Friends,
                       While uploading vendor master data, I have missed one vendor's reconcillation account.Now, when I want to create entries in XK02, this field is grey. I have gone through the threads, some suggested to change in VMR. what is VMR ? and how to change it?please help...
    Regards,

    Dear Friend,
    If the required Field is in Grey colour then you cannotinsert any details in it.
    First of make the field changeable by:
    IMG - Log General - Business Partner - Vendor Control - Define Transaction dependent Screen Layout &  Change the Reconcillation field to Change mode and Save.
    Now, If there is a single Vendor Master Record to be changed then go to XK02 & do the needful changes.
    But if you have multiple Vendor accounts (say hundreds) then go to T-Code Mass & select LFA1 - Venders & do Mass Maintenance.
    Hope this helps...
    Give points if Useful...
    Thanks,
    Jignesh Mehta
    Mumbai

  • Vendor Reconcillation Account

    Dear Gurus,
    While posting invoice ,
    As we know that during the Invoice GR/IR is Debited and Vendors account credited.
    I want to know how does the system select which vendor account is to be credited?? e.g If A1000 is my vendor do i have to create the G/L account for that vendor or system select it on its own?
    as i have created PO for 4 item and GR also done for 4 items, when i am doing MIRO
    while simulating for 4 items it has to show   Vendor G/L account and GR/IR clearing account for all the 4 items,
    but its showing only 1st item GR/IR clearing account and Vendor account type(K) entries without Vendor G/L account.and showing error
    Account determination for entry 1000 KDM not possible(showing debit amount which is equal to total of item 2,3,4 )
    if i select line items 2,3 and 4 it is showing   Vendor G/L account and GR/IR clearing account for all the 3items,
    where as Vendor is same for all the 4 items,.
    Please help me how can i resolve this issue .
    if you want i will send the screen shots for better clarification
    regards
    venu

    hi
    While posting invoice ,
    As we know that during the Invoice GR/IR is Debited and Vendors account credited.
    I want to know how does the system select which vendor account is to be credited?? e.g If A1000 is my vendor do i have to create the G/L account for that vendor or system select it on its own?
    here manually we have to select reconciliation (G/L) account.system dose not take automatically
    as i have created PO for 4 item and GR also done for 4 items, when i am doing MIRO
    while simulating for 4 items it has to show Vendor G/L account and GR/IR clearing account for all the 4 items,
    but its showing only 1st item GR/IR clearing account and Vendor account type(K) entries without Vendor G/L account.and showing error
    Account determination for entry 1000 KDM not possible(showing debit amount which is equal to total of item 2,3,4 )
    Here you might not assign or maintained reconciliation ccount for that vendor. Once check the VMR

  • Change Vendor Reconcillation Account

    Hi,
    I want to change the recon account for few vendors.
    Can someone help me with the process. How can i take care of the open balances in the old recon account ?
    Please advise.
    Thanks in Advance,
    Safi

    Hi
    Before changing reco account you need to make the vandor balance nil In every period from inital entry onwards for proper reporting. So you have to open the FI period using F-60 and then
    either
    1. You reverse all the documents, change reco account and repost the entries again
    or
    2. Post a balancing entry in each period to make the balance nil. then change the reco account and reverse the balancing entry posted in each period.
    Rgds
    Aman

  • Vendor Reconcilation account change during the document posting

    Hello Experts,
    I have one doubt about the Vendor Reconcilation account change during the document posting.
    Is there any way/possibility to change the vendor reconcillation account during the document posting, for a particular vendor.
    If is there any chance please let me know the way how to change it and also letme know the impact of this.
    Thanks in Adavance,
    Satya

    The System always takes the reconciliation account stored into the Vendor master data.
    Technically it is possible to change reconciliation account in vendor master record as follows:
    1) SPRO -> Financial Accounting -> AR and AP -> Vendor accounts -> Master Records -> Preparations for Creating Vendor Master Records -> Define Screen Layout per Activity (Vendors) -> Change Vendor (Accounting) -> Company Code Data ->
    Account management -> field 'Reconciliation account' set to 'optional entry'
    2) Then system will allow you to change reconciliation account in vendor master record.
    In general you can only change recon account when balance is zero.
    "By changing the reconciliation account in the open item master record the proportionate values from the items open at the time of change are not posted to the new reconciliation account.
    Hope this claifies.
    Kind Regards
    Soumya
    Edited by: Soumya Rao on Oct 13, 2011 12:51 PM

  • Vendor Master Payment Terms and Reconcillation account

    Pls tell me In SPRO where Payment Terms and Reconcillation account's are maintained for Vendormaster

    HI Vinay,
    Your question isn't clear. You want to define Payment terms and Reconciliation account for Vendor Master record ?
    If this is correct then go through the below path for payment terms & Reconciliation Account.
    MAINTAIN TERMS OF PAYMENT:
    SPRO –> REF IMG –> Financial Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –> Incoming invoices/Credit memos –> Maintain terms of payment (or) OBB8
    RECONCILIATION ACCOUNT
    Accounting –> Financial Accounting –> General Ledger –> Master Records   –> Individual processing –> Centrally (or) FS00
    Enter G/L Account No. – XXXXXX
    Company Code – AAAA and select CREATE   button. 
    Under Type/Description tab
    Account Group – LIABILITIES
    • Balance sheet
    Short text – A/P (or) SUNDRY CREDITORS A/C
    G/L acct long text – A/P A/C
    Under Control data tab
    Account currency – INR
    Reconciliation account for A/C type – Vendors
    Under Create/bank/interest tab
    Field status group – G067 and SAVE.
    Rams.N
    If this is helpful, assign me points

  • Multiple reconcillation accounts for same vendor

    All SAP Gurus,
    Is it possible to have Multiple reconcillation accounts for same vendor code (where purchasing org and company code is same)?
    Regards,

    hi,
    You can't have more than one because the reconcilation account...Because this is the soul account by which you pay to vendor and send the details to further process to FI dept...
    Regards
    Priyanka.P

  • Manage vendor bank account in company code level - Best practice

    hi,
    we have on our client several company codes, and we are thinking how to manage the vendor bank accounts in company codes level or in centeral level.
    our problem with company codes level is that the vendor bank accounts define in a centeral level so technically with sap standard it is not possible. if anyone can tell me that this is possible i will be very happy to know.
    in centeral level our problem is with the business process because of we do not have a person (functionalism ) that can be responsible for all the company codes, basically every company shoule be responsible for her vendors
    please advice what is the best practice to manage vendor bank accounts in enviroment of several company code
    regards,
    meir

    hi Raghu,
    i know that but this is not my qusition.
    which company code will be responsible to enter the bank account in the vendor master data? as i say the vendor bank accounts manage in centeral level and not in company code level and this is our problem and i like to know how other companies with the same situation handle with this issue
    and also after we have the bank accounts in the vendor master data what happend if for one vendor has several bank accounts one for every company code? how the payment program F110 could know automaticaly which bank account to take (i know that there is an optoin to use Partner bank type in the vendor master data, and enter this PBT when posting the invoice of the vednor, but this is not good because of we do not want the the accountant will be responsible from which bank the vendor get his money).
    regards,
    meir

  • Vendor Consignment - Account assignment

    My client wants to settle vendor consignments in two steps:
    1. In the first step, they want to post the consignment to an interim G/L Account, instead of the vendor recon account as follows:
    Credit Interim G/L Account (instead of the vendor recon account)
    Debit Consignment Payables Account
    2. In the second step, they want the following posting:
    Credit Vendor account (recon account)
    Debit Interim G/L Account
    By using transaction code OBYC I am only able to change the account determination for Consignment Payables Account. The problem is I do not want to change the consignment payables account. Instead want to change from the Vendor Reconciliation account to an interim G/L account. Please can anyone help?
    <i>(Note: SAP standard process settles consignment as follows:
    Credit Vendor a/c (recon)
    Debit Consignment Payables a/c)</i>

    MG,
    I don't have answer to your query but you might have an answer to mine. I am looking for general modification for consignment payables account (KON). If you can help me, I would appreciate it.
    Thanks
    Syed

  • Reconcillation Account in FB03    (URGENT )

    Dear All,
    I have a Scenario, In that Reconcillation Account should be displayed based on Account assignmnet group.
    For that I have done the following settings:
    1.BF/Account Assign/Reconcillation Account/Maintantable.
    2.Maintained Acess for that table
    3.Assign Accont Determination Procedure to billing Doc
    4.Assign G/L Account with for newly created table combination.
    I have Created the Invoice,then if i see in analysis for the reconcillation then it is showing condition record have been found.Then i have went to FB03 and double clicked on the first item,there it is showing the Reconcillation Acconut which i have manintaned in Customer master for that Customer,[<u>b]but not the G/L Account which i have maintained for newly created table.</b></u>
    What should be the Problme.
    Please Guide me on this Issue,Since i need to solve on very top prority.
    Thanks & Regards,
    Vinay

    I think what you are looking at are all of the lines of the journal.
    If the PO number only posts into the text of the Vendor item, and you want it on the other records, I think this can be done by some simple ABAP. There is also the sort key on the GL account.

  • Vendor card creation problem & activate reconciliation ledger

    Hi
    I have configured the controlling and but not able to activate the Reconcilation ledger account, due this issue may be i am not able to create the vendor , so please sone help me below issue
    1) when i activate the reconcillation ledger , i am getting this message **New General Ledger Accounting is active**
    2) when i am create the vendor card in that item required the vendor reconciliation account , and i not geeting the account the list,
    so please help me how to resolve the issue
    thanks
    regards
    B.S.Fartiyal

    Hi
    Recon account is a balance sheet type GL account. Create a GL account with account group as reconcillation account and field status group as reconcillation accounts (G067) in FS00 and then assign it in vendor mater.
    Thanks

  • MDGS error for reconcillation account (USMD1B301)

    Hi
    I am creating Vendor in Vendor Like UI by putting all requried fields like Account Group ,Name1,Country,Reconcillation account,CC payment terms, Pur order current,Pur payment Terms. In CC view when I select correct reconcillation account (Which exists in SKB1 for that CC and ID as K) and select checking It throws error USMD1B301 : Company Code 000000000001/$47/1000: A master record with value 217100 does not
    exist for attribute Recon. account . In ECC I can able to create vendor with same reconcillation account.
    I can bypass error by cusmizing configure change request steps and able to create Change Request and approve same.
    It creates BP which is displayed in BUT000 but not able to convert same BP with Vendor due to above error which shown in SLG1 Log.
    Can you suggest to fix this?
    There are one note for above error but it can not be implementable in our sustem as we are currently on higher support pakage.

    hi
    While posting invoice ,
    As we know that during the Invoice GR/IR is Debited and Vendors account credited.
    I want to know how does the system select which vendor account is to be credited?? e.g If A1000 is my vendor do i have to create the G/L account for that vendor or system select it on its own?
    here manually we have to select reconciliation (G/L) account.system dose not take automatically
    as i have created PO for 4 item and GR also done for 4 items, when i am doing MIRO
    while simulating for 4 items it has to show Vendor G/L account and GR/IR clearing account for all the 4 items,
    but its showing only 1st item GR/IR clearing account and Vendor account type(K) entries without Vendor G/L account.and showing error
    Account determination for entry 1000 KDM not possible(showing debit amount which is equal to total of item 2,3,4 )
    Here you might not assign or maintained reconciliation ccount for that vendor. Once check the VMR

  • APP selection parameter by vendor reconciliation account

    Friends,
    while creating APP, we need to enter the parameters like vendor codes, instead of vendor code, is it possible to give the vendor reconciliation account, so that all vendor codes which are having same vendor codes can process for payment.
    regards,

    Hi,
    Go to F110 > Free Selection Tab.
    Do F4 on the "Field Name" and select "Others"  then select "Vendor Master Data"
    And then choose field "Reconciliation acct" (LFB1-AKONT)
    Now in the "value" field in free selection tab, enter the reconciliation account number. (Give the full 10 digit reconciliation account number with leading zeros if any.)
    It will meet your purpose.
    Regards,
    SDNer

  • Change master data setting - Vendor reconciliation account

    Is it possible to change the configuration of a G/L account currently setup as a vendor reconciliation account (that has a balance) to a regular a balance sheet sheet account?
    If yes, what actions do I need to do?
    Are there any risks in doing this?
    Can I perform a similiar change for a G/L account currently setup as a regular balance sheet account that I instead want to use as a vendor reconciliation account?
    Thank you in advance!
    Best regards Susan

    Hello,
    Answers to your questions:
    Question:
    It is possible to change a reconciliation account into a balance sheet account but the current items in the reconciliation account should be manually moved to another account
    Answer:
    If there is a single line item posted(whether the balance is zero or not), it WILL NOT allow you change the reconciliation account in the GL master record.
    Question:
    -New postings will however be posted to the new reconciliation account set up in the vendor master
    Answer:
    If you want to update a new reconciliation in vendor master, then create a fresh GL Account as reconciliation type for Vendor and update the vendor master with new GL Reconciliation Account. When you have done the new postings, new entries will flow to new Reconciliation Account, but the old entries will remain be there in the old reconciliation GL Account. To move the old reconciliation entries to new reconciliation entries executed F.5D (Balance Sheet Adjustment). Please read the documentation available on transaction code F.5D
    Question:
    -What inconsistency in data are you referring to below? - No Inconsistency
    -What reports would these differences appear in? - No differences
    -Is there any risk of making a balance sheet account into a vendor reconciliation account (when baalnces exist)? - Vendor Reconciliation Account is a Balance Sheet Account only. This is a liability account in your Trail Balance.
    Hope this clarifies your doubts.
    Regards,
    Ravi

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