what is online reconciliation ledger in co

ONLINE  RECONCILIATION LEDGER

à Reconciliation used 

à when number of company codes having one controlling area – 2^nd Scenario

à It can be at controlling area

à All the company codes should use the same Chart of Accounts

à due to online reconciliation ledger, it generated  in a document in FI

                                                            BIL Controlling area

                                                                        |

                        ------------------------------------------------------------------------

                        |                                                                                               |

            Company code BIL                                                                company code BSL

                        |                                                                                               |

            ------------------------------------                                       ------------------------------------  

            |                       |                       |                                   |                       |                   |

      Dept A              Dept B            Dept C                       Dept X           Dept Y          Dept Z

If salaries paid and posted FI at (F-02)

Salaries A/c

----------------------------------

100000        |

                    |

Out of 100000 salaries 20000 belongs to company code BIL

If we use the reconciliation account at cost center level and the 20000/- is transfer to company code BSL (Dept X) it passes the entry in financial automatically

Here Reports at – No FI records

In BIL Books

BSL                             Dr 20000

            To Salaries a/c                         20000

In BSL books

Salaries account          Dr 20000

            To BIL a/c                               20000

Customization at Finance:

To copy company code BIL customization including accounting to BSL

Path :SPRO-Enterprise structure – Definition –Financial accounting –Edit, copy, Delete, Check  company code(T.Code EC01)

Double click on copy, delete, check company code

From the menu select organization object – copy organization object

From Company code              :BIL

To company code                    : BSL

Enter

Select Yes for the message (for copy the GL accounts)

Select No button allocate a different local currency

Ignore the message press enter

Select create request button

Short description :Customization for Birla Steel Limited

Press enter

Enter once again to saving the request

Go on press enter till you got the message company code BIL copied to BSL with out 75 number range object

Ignore the message press enter

Select back arrow

Double click on edit company code data

Select position button

Give the company code                      :BSL

Enter

Select company code                          : BSL

Select address  button

change the company name to : Birla Steel limited

Enter

save and Save in your request button

Assign company code to company

Path :SPRO-Enterprise structure-Assignment –Financial accounting-Assign company code to company

Select position button

Give the company code          : BIL

Enter

For the company code            :BSL assign BIL(group name)

Select save button or Ctrl+S

Press enter to save in your request

Document type SA should allow inter company postings: (OBA7)

Select type      : SA

Select details button

Select inter company postings check box

Save

Press enter to save in your request