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Recon account and cash mgt group

can anyone explain me what is the Recon account and cash mgt group in customer master company code data.

Ponts would be rewarded.

thanks

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    author's profile photo Former Member
    Former Member
    Posted on Dec 03, 2007 at 04:47 AM

    Hi

    <b>Reconciliation Account </b>

    The reconciliation account in G/L accounting is the account which is updated parallel to the subledger account for normal postings (for example, invoice or payment).

    For special postings (for example, down payment or bill of exchange), this account is replaced by another account (for example, 'down payments received' instead of 'receivables').

    The replacement takes place due to the special G/L indicator which you must specify for these types of postings.

    <b>cash management,</b>

    In cash management customers and vendors are allocated to planning groups by means of an entry made in the master record.

    You can define these planning groups in Customizing or the Implementation Guide (you will need to ensure that they are all the same length). In order to improve the liquidity forecast display for major customers and vendors, it can be advisable to enter their account number as the planning group.

    For the planning groups themselves a naming convention should be set up to improve liquidity forecasting. In the following examples, the customer planning groups begin with an "R" for receipts, and the vendor planning groups begin with an "E" for expenses.

    Examples

    R1 Customers paying by bank collection

    R2 Other domestic customers

    R3 Customers abroad

    R4 Affiliated company customers

    R5 High risk customers

    R6 Major customers

    R7 Rental income

    R8 Repayment of loans

    ...

    E1 Domestic vendors

    E2 Vendors abroad

    E3 Affiliated company vendors

    E4 Major vendors

    E5 Personnel costs

    E6 Taxes

    E7 Investments

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 03, 2007 at 05:05 AM

    Hi,

    Recon A/C is used during creation of CMR code nad it's part of company code data.

    these G/L accoount codes will give by FI team after you assign this code particular CMR G/L subledger will updated.

    for ex:Domestic customer Recon G/L code is 200001

    Exports formulations " " :200003

    Exports bulk drugs " " : 2000005..etc

    When it comes to cash mgt group:

    In cash management, customers and vendors are allocated to planning

    groups by means of an entry made in the master record.

    A1 Domestic Domestic payments (A/P)

    A2 Foreign Foreign payments (A/P)

    A3 V-affil Vendor-affiliated companies

    A4 Major ven Major vendors.

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