Control Accounts in FI

[Former Member]

Hello,

Can i maintain a seperate "Control Account" for __Customer,Vendor, Assets & Material accounts_ in ECC 5.0/6.0 or the "Reconciliation account type" in T.code-FS00 itself is Control Account? How can we locate errors and keep a cross-check to avoid fraud/manipulation? while doing a internet search i have found that "Control Accounts" queries only related to

"SAP Business One" and not for "ECC 5.0/6.0". So is it possible to maintain Control Accounts in ECC 5.0/6.0 to avoid "errors" and "manipulation"? Please guide.

Regards

Ashwin

Edited by: ashwin.prakash on Aug 20, 2011 10:09 AM

[former_member188028]

Reconciliation accounts are control accounts.

Yes, you should maintain separate control accounts based on the account type.

you can set display as field status for control account field in sub ledgers through OB20 for activity Change Customer (Centrally)

So that this can't be modified even in the change mode.

Material control account can be called with valuation class in the material master

Asset control account can be called through account determination field in the asset master.

Rgds

Murali. N

[Former Member]

Thanks a lot for the helpful answer, but i also want to know whether the GL balances differences can be minimized by maintaining control accounts. For example 'Packaging Material' is control account and under that there are 50 materials, now if the MM consultant makes a mistake while entering stock balances in one of the 50 items and a minor difference occurs in the Balance Sheet. So how will the FI consultant will be able to know the difference. Is it by maintaining a "Control Account" or he will have to check all the 50 items entered by the MM Consultant? Please correct me if am wrong. Thank you

Regards

Ashwin

[atif_farooq]

Hi:

Stock postings will take in to consideration the account assignments maintained in OBYC Inventory posting BSX. It will post to GL accounts in it as per material valuation classed. Concept of control account arises only when you are making postings to Customers, vendors e.t.c . Control account has nothing to do with material posting or stock postings

Regards