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author's profile photo Former Member
Former Member

Reconciliation Account Change

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.

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    author's profile photo Former Member
    Former Member
    Posted on Apr 08, 2008 at 04:25 AM

    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

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    • Former Member Former Member

      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.

  • author's profile photo Former Member
    Former Member
    Posted on Apr 07, 2008 at 08:28 PM

    Can anyone help with this Q?

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 08, 2008 at 04:20 AM

    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.

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