Recon account and cash mgt group

[Former Member]

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

Ponts would be rewarded.

thanks

[Former Member · Accepted solution]

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

[Former Member]

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.