Changes to the Reconciliation Account
This program performs any adjustment postings required due to changes to the reconciliation accounts or G/L accounts. The items from the old reconciliation accounts are assigned to the new accounts. Since you cannot post to the reconciliation accounts directly, the postings are made to temporary adjustment accounts (see the following figure,(3)). These adjustment accounts should be displayed in the balance sheet with the relevant reconciliation account. The postings are then reversed after the financial statements have been created (see the following figure, (4)).
To enable the program to make the adjustment postings for the regrouping of receivables and payables, you have to set up the adjustment accounts and posting keys for these postings in the system. To do so, in Customizing choose Financial Accounting → Accounts Receivable and Accounts Payable → Business Transactions → Closing → Regrouping →Define Adjustment Accounts for Changed Reconciliation Accounts.
If you purchase and install the FI-LC Consolidation application and have bought a previous customer or vendor (thus also taking on their payables and receivables), refer to the note in the report documentation on changed reconciliation accounts.