Reconciliation account ready for input

[Former Member]

Dear All,

While creating GL, if it is a recon account, then it is picked up form the Account Type (ie) either vendors/debtors/assets.

What is the use of 'Reconciliation account ready for input', Will there be any other recon items other than vendors/debtors, etc.

Please clarify,

JEERI

[Former Member]

Dear,

Reconciliation account ready for input at time of posting - Indicator which determines that the reconciliation account is ready for input when posting a document. The indicator is used in Financial Assets Management like when you make initial load of the asset balances the balances are being posted to Asset Sub-Ledger but not to the GL Account.

Hence, in such cases, you are required to Reset the Reconciliation Accounts in OAMK and post the same entries into GL Account that you have loaded to Asset Sub-Ledger and then again make them as Reconciliation Accounts.

Note: On the other hand Reconciliation Accounts are only mean for posting by the System, but when you select the "Recon. account ready for input", it would become like a normal account, it will allow you to post directly, this would invalidate the integrity of the data. Therefore, you should never put the check box Reconciliation Account ready for input for RECONCILIATION accounts.

[former_member219729]

Hi Nitin,

Could you please clarify on the line...

" Reset the Reconciliation Accounts in OAMK and post the same entries into GL Account that you have loaded to Asset Sub-Ledger and then again make them as Reconciliation Accounts."

Many Thanks in Advance

Indraneel

[dhananjays_naphade]

Hi,

It is necessary to tick if it is to be used for Financial Asset Management. It indicates that account is ready.

thanks

[Former Member]

Hi jeeri,

Reconciliation accounts used to reconcile the sub modules like asset/vendor/customer/bank accounts with fi-gl, because we can't directly post the transactions in master data.

thanks,

Ravi.

[Former Member]

Hi Jeeri,

If ' Reconciliation account ready for input' is selected in G/L master, at the time of invoice posting reconciliation account number we could enter manually rather in normal scenario automatically recon account triggers based on customer or vendor.

This option is useful when business wants one customer/ vendor triggers multiple recon account.

Regards,

Neha

[Former Member]

Hi,

Check the below link:

http://www.sap-exp.com/postaltacc.html

Thanks

Aravind