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Clearing GL Account

Former Member
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Hi Guys

Is it possible to do a Clearing of entreis on a Reconcilliation Account?

Thank you

Rukshana

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Dear,

Its not possible to clear one Reconciliation account.

Regards,

Dharma Rao. Yekula

Former Member
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Hi there

thanks for the response

Then is there any way that I can take out entries from a Reconcilliation account?

Rukshana

Former Member
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Hi Rakshana,

Balances in the Reconciliation accounts are the sum total of the balances of the sub-accounts attached to this account like the vendor accounts or customer accounts.

If you want to adjust the recon account, you have to identify the sub-ledger account (vendor or customer) that needs to be adjusted and do the adjustment posting in that account. You cannot directly change the recon account.

Regards,

Mike

Former Member
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Hiya Michael

Thanks for your response - but you see, i have a situation where the logistics module is already live and we are trying to go live in FICO end of next month.

But a bunch of crappy data has gone into the GL accounts - I am trying to clear out these GL accounts because we are going to load the data as at 30/06/2009 - butif i dont clear out the GL accounts, we would be over posting by the 2 months since the Logistics go live...

Is there any easy way out of this mess at all?

Rukshana

Former Member
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This message was moderated.

Former Member
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Hiya Dharma

I tried what you told me - but nothing seems to happen - i cant transfer the balances from my old recon account to the new one

Is there any other way?

Rukshana

Former Member
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Dear,

Make sure you have to set the Reconciliation Account field in the vendor master as optional field.

Transaction code: OB23 (IMG)

Change both Accounting and Centrally part. Set the status of Reconciliation accnt field as an optional entry from display.After this you have to Define Adjustment Accounts for Changed Reconciliation Accounts (OBBW) and then go to run the program FAGLF101.

Try this, All the best,

Dharma rao. Yekula

Answers (0)