Accounting (RE-FX)
Accounting Principles
In the Financial Accounting (FI) component, accounting is a combination of G/L accounting and subledger accounting.
The general ledger contains all G/L accounts. You create the balance sheet as well as the profit and loss statement on the basis of the general ledger. Receivables, payables, output tax and input tax are posted to the general ledger.
A G/L account (= reconciliation account) consists of subsidiary ledgers. Each posting to a subledger account (=reconciliation account) causes an automatic balance change in a G/L account.
Accounting (RE-FX)
The following overview graphics show you the posting functions in accounting:
Receivables and payables are posted to contract partners using the Periodic Posting function.
Advance payments for operating costs and heating expenses belong to the subledger accounts. However, as these costs need to be entered correctly in the general ledger, they are not posted to the customer/vendor master record on the reconciliation account but to other reconciliation accounts.
To avoid this problem, you can use special posting keys that override the reconciliation accounts (general ledger) and update these postings to special G/L accounts.
Overview Graphic: Down Payments in Special General Ledger
Overview Graphic: Posting Procedures of the Service Charge Settlement