Real -time integration of controlling with financial accounting issue

[former_member191564]

Dear expert

i need to know more about Real -time integration of controlling with financial accounting

1. what kind of g/l account i have to maintain like balance sheet account with open item mgt

2.what effects i will get

hint am already go through below document

http://help.sap.com/saphelp_dimp50/helpdata/en/22/c2cf4031288131e10000000a1550b0/content.htm

Regards

Ajeesh.s

Edited by: Ajeeshsudevan on Dec 16, 2011 11:32 AM

[shanid_mp · Accepted solution]

Hi Ajeesh,

1. what kind of g/l account i have to maintain like balance sheet account with open item mgt

It should be a P/L account with cost element created in it. When you do any internal transfer postings in CO you are changing the cost object in CO. To update the same thing an adjustment P/L account is required, it will post a debit and credit entry with the respective cost object. Please see the adjustment accounts in below link.

http://help.sap.com/saphelp_46c/helpdata/en/66/bc7fd143c211d182b30000e829fbfe/content.htm

You can assign the accounts as follows:

You specify an account for all reconciliation postings.

You assign an account to each business transaction.

You assign an account to each object class.

You assign an account to each transaction and to each object class.

2.what effects i will get

The answer is already there in the link you have mentioned.

During allocations in Controlling, postings are created that do not affect Financial Accounting. These postings do not update any G/L account transaction figures; they are postings within Controlling. If, however, an allocation in Controlling leads to a change in the functional area or any other characteristic, and this change is relevant for evaluations in Financial Accounting, a shift occurs between the affected items in the profit and loss statement. Therefore, this information must be transferred to Financial Accounting. This reconciliation between Controlling and Financial Accounting takes place by means of real-time integration.

Value flows within CO are transferred to FI immediately. Examples are assessments, distributions, confirmations, and CO-internal settlements. The FI documents are posted with the business transaction COFI and they receive the number of the CO document. This means that you can call up the CO document from the FI document, and vice versa.

Please let us know still you if you have ny doubts.

Regards

SM

[Former Member]

Dear Ajeesh sudevan

when you configured varient for controling integration ,if u activating the PROFIT CENTER

under selection of document line items for real time integration co to fi.

then it will effect when u allocate one profit center to the another.

it clear

prakash

[Former Member]

Dear ajeesh .s

The real-time integration enables the immediate transfer of all Controlling documents to Financial Accounting. This means that Financial Accounting is always reconciled with Controlling.

If you use real-time integration in at least one company code, you need to have activated company code validation for the related controlling area.

You make this setting in Customizing for Controlling under General Controlling ® Organization ® Maintain Controlling Area ® Activate Components/Control Indicators.

Otherwise, the reconciliation between FI and CO at company code level is not possible.

and one more thing

If a document could not be transferred because the period was blocked in FI or no account was found, for example, the document is included in a postprocessing worklist. This worklist must be checked and postprocessed regularly. To do this, choose Accounting ® Financial Accounting ® General Ledger ® Corrections ® Post CO Documents to FI.

Note: fi to co or co to fi integration on posible for Profit and loss statement accounts but not BALLANCE SHEET accounts.this is fundamental notation bare in mind.

why because cost elemts or revenu elemts are carriers to controling.

if u want to make ballance sheet items to co elemts NOT POSSIBLE,IT OPPOSING CONTROLING FUCTION.

[former_member765905]

Hi Expert,

1. For Example to have to maintain WIP(Work In Process) Balance Sheet GL Account, to transfer postings from controlling to Financial Accounting.

2. It effects while while doing some production operations. Until and Unless you deactivate Integration b/w FI/CO.

I hope now you are aware, what type of Balance sheet Accounts are provided..

Regards,

GK

SAP

[former_member191564]

Dear expert

if i transfer profit from one profit center to another profit center through allocation. am already maintained "Real-Time Integration of Controlling with Financial Accounting" in this scenario it will affect FI

Regards

Ajeesh.s