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Former Member

FICO Reconciliation Ledger

Gurus,

we are using New GL in ECC6.0. When settle between cost centers belong to different company codes, are there any FI entries since multiple company codes are involved even though the allocations are within CO? How does it effect the recon ledger? Please explain the config steps if there should be recon ledger involved. I appreciate your help!

Thanks inadvance!

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 16, 2011 at 01:21 AM

    Financial documents will generate when you activate CO-FI real time integration.

    Financial Accounting (New) > Financial Accounting Global Settings (New) > Ledgers > Real-Time Integration of Controlling with Financial Accounting. Here you create/adopt the varaint and assign it to company code. Further down under 'Account Determination for Real-Time Integration' you will define initerco GL accounts for posting. Also define account for realtime integration. (OK17).

    As you may know when you post complete document in CO (DR and CR tied out) typically for Allocation postings, work order confirmations for example, a Financial document is generated using the GL account mentioned in OK17.

    If this happens to be an intra-company posting, this account is debited and credit in FI document - thereby no impact on GL - but Dr and Cr side generally have different cost object (cost ctr/ order etc) assignments as well as profit centers in corresponding objects.

    If this happens to be inter-company posting, then in addition to above, the intercompany accounts maintained in account determination also get posted to as in typical interco posting generated in FI.

    Hope this helps

    Regards

    Subodh

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