Reconcilication ledger.......

[Former Member]

Hi SAP guru's,

- What is the diff. between Cost of Sales Accounting and Period Accounting approach?

- What is reconciliation ledger? what is diff between Reconciliation ledger and Special purpose ledger?

sure we will assign good points

thanks

Anil

[Former Member · Accepted solution]

Hi Anil,

*Reconciliation Ledger *

Definition

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.

Note:

If you use Structure link New General Ledger Accounting and real-time integration, you do not need to have a reconciliation ledger. General Ledger Accounting is then always reconciled with Controlling.

○ It provides reports with which you can monitor the CO/FI

reconciliation for each account.

○ It can show value flows that were posted in Controlling across

company codes, functional areas, or business areas.

○ This value flow can be used 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 enter the clearing entries using

the values determined or let the system execute 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. For detailed analysis, you can use the reconciliation

ledger reports to call up reports from other CO components.

*Special Purpose Ledgers *

Purpose

In the application Special Purpose Ledger, you can define ledgers for reporting purposes. You can keep these user-defined ledgers as general ledgers or subsidiary ledgers with various account assignment objects. Account assignment objects can either be SAP dimensions from various applications (such as account, cost center, business area, profit center) or customer-defined dimensions (such as region).

The special purpose ledgers enable you to report at various levels using the values from the various application components. The functions available in the special purpose ledgers enable you to collect and combine information, create and modify totals, and distribute actual and plan values. The values are transferred to the special purpose ledgers from other SAP applications and external systems.

Using the Special Purpose Ledger has no effect on the functions of other SAP applications.

Features

The Special Purpose Ledger application provides you with the following options:

● Flexible database structures with additional fields

You can create your own database tables and define non-standard dimensions (such as evaluation area) that meet your business needs. This enables you to combine and total information for each account assignment combination at the desired level of detail.

● Selective data procurement

Data flow is flexible in the special purpose ledgers. With the assignment of transactions to specific company code/ledger or company/ledger combinations, you decide which ledgers are to be updated by the data entered. You can further limit the number of ledgers that are updated by entering ledger selection criteria.

● Adjustment postings

You can make adjustment postings. For example, you can post data to different versions. Adjustment postings are useful for valuating currencies, for example.

● Alternative charts of accounts

You can use various different charts of accounts (operating, group, and country-specific charts of accounts).

● Alternative fiscal year with various fiscal year variants

You can define your own posting periods. You define posting periods that you then use to define the fiscal calendar, the fiscal year, and the posting periods within that fiscal year.

If you define your own posting periods, you can then create weekly or monthly reports, for example.

● Parallel accounting

You can depict parallel accounting. For more information, see Structure link Parallel Accounting.

● Specific modifications for data entry

If you want to ensure that the special purpose ledgers receive only valid data, you can use validations and substitutions to validate and substitute data at the time it is entered.

● Totaled line items from other applications

You can total, modify, and distribute actual and plan data from other SAP and external applications.

● SAP reporting

You can evaluate data from various SAP applications and organizational units and report on this data.

Rams.N

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