Reconciliation Account Change

[Former Member]

Dear all:

I need to change Reconcilation Account for one of my Customer Accounts. Balances exist in the Account.

Will this lead to problems?

Your response will be appreciated.

[former_member13777 · Accepted solution]

Hi,

You can change the reconciliation account. new postings will be made to the new reco account.

Old line items will be cleared against the old reco acount. at the balance sheet date if you have old balances(Line items before changing the reconciliation acount) you need to run regrouping

regs

sunoj

[Former Member · Accepted solution]

Thanks Sunoj,

Can you throw more light into regrouping on "regrouping at the Balance Sheet key Date"

For example, what is the process?

I understand old line items will clear against the old reconciliation Account.

Once they clear, I believe the necessary adjustment is made to the new reconciliation Account. How and when is this done?

[Former Member · Accepted solution]

Dear Wole,

Regrouping is done in case of ageing.. say for instance Debtors more than 6months or less than 6 months. Also, regrouping is done in case of executing Reserve for Doubtful debts.

Transactions are picked from recon accounts. Even though you change the recon account, the old transactions remain in the old recon account. clearing is done in respective recon accounts only and for regrouping transactions are picked from all concerned recon accounts.

Assign points, if helpful.

[Former Member]

HI,

You can change reconciliation account in customer master data but first do the Zero balance in customer account.Then change the reconciliation account and pass the necessary entry.

[Former Member]

Can anyone help with this Q?