FI /CO Reconciliation

[Former Member]

Dear All

Please provide some material or instructions on how to do FI and CO reconciliation process.

Thank you all in advance for your co-operation.

S.Habib Pasha.

[Former Member]

n 6.0 versions, integration between FI and CO can be conducted in real time. As a result of real-time integration, all Controlling documents that are relevant for General Ledger Accounting are transferred from Controlling to Financial Accounting in real time. This means that Financial Accounting is always reconciled with Controlling. From ECC 6.0 onwards, you need not activate reconciliation ledgers in controlling.

Through this single integration solution we can avoids any need for separate cost-center ledger, reconciliation-ledger and profit-center ledger. The result is high transparency of data at all times, eliminating data redundancy and faster period-ends closings.

These are the configuration steps for Real time integration of controlling and financial accounting. For details of each steps please read each of its IMG documentation/ performance assistants.

1. Define Variants for Real-Time Integration

Financial Accounting(New) ® Financial Accounting Basic Settings (New) ® Ledgers ® Real-Time Integration of Controlling with Financial Accounting ® Define Variants for Real-Time Integration to Company Codes

2. Assign Variants for Real-Time Integration to Company Codes

Financial Accounting(New) ® Financial Accounting Basic Settings (New) ® Ledgers ® Real-Time Integration of Controlling with Financial Accounting ® Assign Variants for Real-Time Integration to Company Codes

3. Define Account Determination for Real Time Integration CO

Financial Accounting(New) ® Financial Accounting Basic Settings (New) ® Ledgers ® Real-Time Integration of Controlling with Financial Accounting ® Account Determination for Real-Time Integration ® Define Intercompany Clearing Accounts

4. Define Account Determination for Real-Time Integration

Financial Accounting(New) ® Financial Accounting Basic Settings (New) ® Ledgers ® Real-Time Integration of Controlling with Financial Accounting ® Account Determination for Real-Time Integration ® Define Account Determination for Real-Time Integration

Hope this answer your questions, and don’t forget to assign points