cancel
Showing results for 
Search instead for 
Did you mean: 

Reconcilation account between Fi & co

Former Member
0 Kudos

Hi all

During the SAP System audit one of the observation was that, we have not activated the Reconciliation account between FI & CO hence all amount posted is shown as variance in Report S_ALR_87013603.

I request to look into and do the needful to reconcile the amount posted in FI and CO.

Reg.

santosh

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi santosh,

One way which I am aware of for FI and CO reconciliation is by using reconciliation ledger.

The reconciliation ledger is a tool used to portray transaction figures in Controlling in a summarized form.

Use

The reconciliation ledger has the following tasks:

It reconciles Controlling with Financial Accounting.

It provides reports with which you can monitor the CO/FI reconciliation for each account.

It can determine and display value flows that were posted in Controlling across company codes, functional areas or business areas.

You can use this value flow in Financial Accounting as the basis for summarized clearing entries. Clearing entries represent value flows within Controlling that have an effect on the legal closing of an organization (balance sheet, profit and loss account). You can either post the clearing entries using the values determined, or you can let the R/3 System post them automatically.

It provides an overview of all the costs incurred.

The reconciliation ledger reports provide an overview of the costs and are thus a suitable starting point for analysis. For example, in the reconciliation ledger reports you can analyze an item of the Profit and Loss Account, which is displayed in the Financial Information System (FIS), to see the costs assigned.

Postings in the reconciliation ledger are differentiated according to the following criteria:

Company Code

Business area

Functional area

Origin (subdivision of the cost element)

Object type (cost center, internal order, project, and so on)

Object Class

You may please use this for reconciliation.

Hope I had been able to help you. Please assign points.

Rgds

manish