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2 different Reconciliation Account in G/L accounts for one vendor

Former Member
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Hi Experts,

how to maintain 2 different Reconciliation Account in General Ledger for one wendor.

and after that we we do MIRO how to select the different account.

is there any configuration is required.

Thanksin Advance,

Anthyodaya.

Edited by: anthyodaya Reddy Nagaram on Jun 23, 2009 5:48 PM

Accepted Solutions (1)

Accepted Solutions (1)

former_member182673
Active Contributor
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I don't think there is way to have 2 different reconciliation accounts for a single vendor. Easiest solution is to create duplicate vendors, if this is not acceptable, you can think of custom fields or new validations etc.

Former Member
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try to use the functionality provided by in Financial Accounting (New)->Accounts Receivable and Accounts Payable->Business Transactions->Postings with Alternative Reconciliation Account->Define Alternative Reconciliation Accounts or Other Special G/L Transactions->Define Alternative Reconciliation Account for Vendors.

I have never tried by check whether u can use to solve u r issue.

Former Member
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Hi amit,

Thanks for the reply.

but when we do MIRO how to select th acount number. is there an customizing is required.

can u please explain me clear.

Thanksin Advance,

Anhyodaya..

Edited by: anthyodaya Reddy Nagaram on Jun 24, 2009 12:14 PM

Former Member
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hi,

u dont have to select any account number becoz the g/l account assigned to the vendor master data under accounting information tab ...once u select the vendor the balance will appear in the assigned gj/l account as well

hope its clear.....

\

regreds

sayeed

Former Member
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Hi thanks for the mail,

i need to maintain 2 rec account GL acc- so can u explin me the steps or customizing.

thanksin Advance,

anthyodaya.

Former Member
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can u explain why would u like to maintain two reconciliation account for one vendor

Former Member
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Hi,

My client need it for diferent type of purchasing purpose.

can u suggest me is there any another way to solve this proble,.

they want to maintain a different account for fixed assets and service. for one vendor.

Thanksin Advance,

Anthyodaya.

Edited by: anthyodaya Reddy Nagaram on Jun 24, 2009 1:29 PM

Answers (3)

Answers (3)

Former Member
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ok

Former Member
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Hi

It is not possible to have two reconciliation account in the vendor master and selection at the time of MIRO. Alternate reconciliation account is not for this purpose. It is for creating and using special GL indicator's for accounting of Advance payments and Bills of exchange with reference to Vendors.

If you want you can change the reconciliation account in the vendor master before posting the entry in MIRO.

Regards,

Lakshmanan Krishnan

JL23
Active Contributor
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Alternative reconciliation account

By making use of an additional (alternative) reconciliation account, you can exclude certain postings from being subject to the credit management update. Proceed by first defining this account in Customizing for Accounts Receivable and Accounts Payable, and then setting the indicator Recon. acct ready for input in the G/L account master record.

This function is used in Japan, where various "safe" receivables often need to be excluded from the credit management update. "Safe" receivables include prepayments and accrued income, and payment by letters of credit.

For more information on this topic, see the Implementation Guide (IMG) for Accounts Receivable and Accounts Payable under Credit Management ® Business Transaction: Credit Monitoring ® Define Reconciliation Accts Without Credit Management Update.

Former Member
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Hi,

Thanks for the reply.

but when we do MIRO how to select th acount number. is there an customizing is required.

can u please explain me clear.

Thanksin Advance,

Anhyodaya.