1 Reply Latest reply: Dec 10, 2009 9:24 AM by ranjit dhand RSS

Fico reconciliation

Arun Philip
Currently Being Moderated

Dear friends,

1)  How FI-CO reconciliation happens, what is actually meant by this.

2)  How to get the list of Production orders for which the overhead calculated in a specific day.

 

  Please give  me a solution

  • Re: Fico reconciliation
    ranjit dhand
    Currently Being Moderated

    Hi Arun,

     

    In Co, we create Recon accts to keep Fi gl in balance with CO. Not all transactions affect FI gls, best example of it is internal order settlements, they use secondary cost elements and does not affect your G/l accts. To update FI side of it we maintain recon accts. These are primarily for cross company, cross functional and cross business area transactions.

     

    The number of recon accts to be defined is dependant on various factors, like how your management wants to see the reports.. whether they want to classify the cost based on CO object class or by Co types etc..

     

    However the basic config you got to follow is:

     

    1. Activate Recon accts (if you have created CO area newly, it would be active).

        use T.code: KALA

     

    2. Assignment of Recon document type to the Controlling area.

        T.code: OKKP

     

    3. Creating clearing accts (that you want to us! e for reconciliation. During FI-Co recon.. inter company clearing accounts will be automatically credited or debited and now you need to create offset acct which will show up in P&l acct).

        Acct determination set up thru T.code: OBYA

     

    4. Maintain accts for Automatic Recon posting.

        T.code OBYB

     

    5. Assign Number ranges to Recon activity.

        Tcode OK13                                          

     

    2.  and for the list of Production orders for which the overhead calculated in a specific day.you can check with the transaction code :  OPL8

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