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Procedure documentationReconcile Accounts for the Material Ledger (New General Ledger Accounting) 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 (New)  .

  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. Specify whether you want to simulate the reconciliation in the test run or carry out direct.

  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) for each general ledger.

    The system differentiates the results at account level and also - depending on the general ledger account assignments that are active in the respective ledgers - at the level of the following general ledger account assignments:

    • Business Area

    • Profit Center

    • Segment

    If required, you can include additional general ledger account assignments for the evaluation. You define these general ledger account assignments in Customizing of Financial Accounting (New) under   General Ledger Accounting (New)   Tools   Customer Enhancements   Business Add-Ins (BAdIs)   Master Data Enhancement for Balance Reconciliation Between General Ledger and Materials Management  .

  6. To post direct from the results list postings for the stock differences determined in the second and third local currency, choose Post. You can only do this if there are no stock differences in the first local currency.

    The system adjusts the balances of the balance sheet accounts in Financial Accounting in the second and third local currencies to the specifications from Materials Management. It posts the differences determined to the specified adjustment account in Financial Accounting, and creates an accounting document with the specified document type.

Note Note

You can also carry out the reconciliation in the background. In this instance, the system creates the required adjustment postings automatically.

End of the note.

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.

Result

You have determined any differences between the accounts in Materials Management and the accounts in Financial Accounting, and created the required adjustment postings in the second and third local currency.