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author's profile photo Former Member
Former Member

CO

hi all

what is reconcillation ledger and is the purpose of this?

thanks in adv

rgds

sree

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4 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 07:16 AM

    Hi,

    A ledger used for summarized display of values that appear in more detailed form in the transaction data.

    The reconciliation ledger has the following functions:

    Reconciles Controlling with Financial Accounting

    -The reconciliation ledger provides reports for monitoring the reconciliation of Controlling with Financial Accounting by account.

    -It can identify and display value flows in Controlling across company code, functional area, or business area boundaries.

    -Value flows can be used in Financial Accounting as a basis for summarized reconciliation postings. Reconciliation postings replicate the value flows in Controlling that affect an organization's legal financial statements (such as the balances and the profit and loss statement). Users can enter reconciliation postings based on the values identified by the reports, or the SAP System can make automatic reconciliation postings.

    Provides an overview of all costs incurred

    -Reconciliation ledger reports provide an overview of the costs and are therefore a useful starting point for cost analysis. For example, an item in the profit and loss statement from the Financial Information System (FIS) can be examined in the reconciliation ledger reports with respect to the relevant costs. For more detailed analysis, reports from other components within Controlling can be accessed from the reconciliation ledger reports.

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 28, 2007 at 01:47 PM

    In the case of transfers from one cost center to another cost center, only CO Documents will be generated. Meaning thereby only Costing Records will be updated and the Financial Records will not be updated.

    By Configuring Reconciliation Ledger we will update the financial statements also.

    This is the Main purpose of Reconciliation Ledger. If you want configuration tips please revert back.

    If it clarifies your doubt Pls assign points

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 28, 2007 at 02:34 PM

    Hello,

    In the reconciliation ledger, the data from Accounting is summarized and valuated. Cost flows occurring exclusively in Controlling (secondary postings) between company code and business area boundaries which are not noted in Financial Accounting, can be passed on through Reconciliation ledger. Thus Reconciliation between Financial accounting (external) and controlling (internal) is possible.

    You do not need the reconciliation ledger in the following situations:

    • no profit and loss accounting using cost of sales accounting occurs

    • there is no interest in cross-application reports

    • there is no interest in evaluating cross-company-code and cross- business area postings

    Please let me know if you require any further clarifications.

    Regards,

    Santosh Kumar

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 28, 2007 at 02:45 PM

    Hi Srilatha,

    There are certain posting that is not passed on in FI but done in CO. Say, we do periodic reposting or manual reposting in CO for corrections that does not affect in FI but create a mismatch. For that KALK and KALM are quite useful for reconciliation.

    In ECC 6.0 a realtime reconcilitation is possible so there is no need for reconcilition Ledger.

    Regards

    Bharat

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