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Procedure documentationReconcile Accounts for the Material Ledger Locate this document in the navigation structure

Procedure

  1. Choose   Accounting   Controlling   Actual Costing/Material-Ledger   Environment   Production Startup   Reconciliation with Balance Sheet Accounts in FI  .

  2. Enter the company code for which you want to perform the reconciliation.

  3. Enter the account on which the system is to make the offsetting entries to deal with foreign currencies on the stock accounts, and reconcile the Financial Accounting accounts with the Materials Management accounts.

    The account should meet the following prerequisites:

    • The account currency matches the currency of the company code.

    • The balances are only managed in local currency.

    • There is no management of open items.

    • The account can only be posted to automatically.

    • The account is a P&L account.

    • The account is not a material stock account.

  4. Determine the processing options.

  5. Choose Execute.

    You receive a list with a comparson of the inventory values of Materials Management (subleder accounting) and Financial Accounting (general ledger accounting).

Result

  1. It summarizes in all currencies the inventory values of Materials Management at account level, and compares them with the balances of the balance sheet accounts in Financial Accounting.

  2. It adjusts the balances of the balance sheet accounts in Financial Accounting in the other currencies (not in the local currency) to the specifications from Materials Management, and posts differences to the specified adjustment account.

  3. It creates an accounting document for the adjustment posting with document type ML.

Note Note

Where there are differences in the first local currency, it is not possible to reconcile the accounts in Materials Management and Financial Accounting. To eliminate inconsistencies of this kind, contact support.

End of the note.