we have five company codes under one controlling area. we have implemented the new general ledger. now we are doing alot of cross company transactions through CO module. FI people are going to issue the financial statement and close the financial year but during issuing the trial balance the amount of this GL (FICO reconcilation) is appearing. my question, is it normal like this ? is there any needed tranaction need to be done from the CO module.
Yes, its normal.. If you have FI/CO real time reco switched on and you are doing any cross compnay allocations in CO, then this GL should be Posted to.. Else, your FI and CO will never be reconciled
should i show this FICO to the auditors? because they will ask about the trial balance and thi GL is including in the trial. Also they will ask for a statement for this GL so please could you telll me what should i do ?
You can take out the details from FAGLL03... This GL is primarily to balance FI and CO Books... i.e if you are distributing from Company A to B in CO, the same should also reflect in FI
now i have a balance of this account (FICO GL ) in all my company codes my question to you is , should we do any entry in the FI module in order to clear this balance ?
One last point from my side - If your business wants that the allocations in CO from one company to another must not reflect in FI, then switch off the FI/CO real time reco...
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.