Controlling (CO)
Ledger used for summarized display of values that appear in more detailed form in the transaction data.
The reconciliation ledger has the following functions:
- Reconciles Controlling with Financial Accounting
- The reconciliation ledger provides reports for monitoring the
reconciliation of Controlling with Financial Accounting by account.
- It can identify and display value flows in Controlling across company code, functional area, or business area boundaries.
- Value flows can be used in Financial Accounting as a basis for
summarized reconciliation postings. Reconciliation postings replicate
the value flows in Controlling that affect an organization's legal
financial statements (such as the balances and the profit and loss
statement). Users can enter reconciliation postings based on the values
identified by the reports, or the R/3 System can make automatic reconciliation postings.
- Provides an overview of all costs incurred
- Reconciliation ledger reports provide an overview of the costs and are
therefore a useful starting point for cost analysis. For example, an
item in the profit and loss statement from the Financial Information
System (FIS) can be examined in the reconciliation ledger reports with
respect to the relevant costs. For more detailed analysis, reports from
other components within Controlling can be accessed from the reconciliation ledger reports.