CO reconciliation with FI

KALC - CO reconciliation with FI

Functionality

This functions reconciles posting in FI to CO. Reconciliation differences occurs between FI & CO because we use one Controlling Area linked to many Company codes. This means there are posting between company codes or functional area in CO (eg via allocation) that is not posted via FI – and hence not reflected in FI.

You can use reconciliation postings to transfer these cross-company code; or cross-functional area postings made in CO that are relevant to FI, and to automatically create reconciliation postings in FI. You can make these reconciliation ledger postings at month end.

This transaction should be performed after all the postings in CO and FI for the current period are finished.

Scenario

You need to run the reconciliation ledger and automatically post results.

Requirements

Postings across company codes or Functional Area occur in CO, which need to be reconciled with postings to FI.

Menu Path	Accounting ® Controlling ® Cost Element Accounting ® Actual Postings ® KALC - Reconciliation with FI
Transaction Code	KALC

1.       Double Click on KALC - Reconciliation with FI.

Reconciliation Posting: Initial Screen

2.       Update the following fields:

Field Name	Field Description	Values
Company code	Enter required CC here	Example:  1000
Period	Enter here the period from which the reconciliation ledger postings are to be read	Example:  08
Fiscal year	Enter here the fiscal year from which the reconciliation ledger postings are to be read	Example:  2002

3.       Click Posting parameters Button  to define what is the date for the reconciliation posting and what kind of document you want to use:

Reconciliation Posting: Posting Data

4.       Update the following fields:

Field Name	Field Description	Values
Posting date	Date for posting the reconciliation	Example:  310802
Posting period	Fiscal month when the transaction posts to the General Ledger	Example:  08
Document type	Enter here the document type you want to use for posting	Example:  RL

5.       Click Enter Button  to confirm your entries.

Reconciliation Posting: Initial Screen

6.       Click Execute button  to post the reconciliation.

    You can perform the transaction in the Test run first (recommended), before creating postings in FI.

Reconciliation Posting: Display Reconciled Cost Flows

    The system displays the report that shows the postings. You can print this report or download it as a local file.

7.       Click  Back Button  to exit the transaction.

To display or change the posted documents, proceed as follows:

8.       Enter the transaction code FB03.

SAP Easy Access

Display Document: Initial Screen

9.       Click List Button  to search for the documents you posted during reconciliation.

Document List

10.     Update the following fields:

Field Name	Field Description	Values
Company code	Enter your company code here	Example:  1000
Entry date	Date the document was entered into the system	Example:  190802

11.     Click Own documents only Button  to display only the documents you’ve posted.

12.     Click  Execute button  to display documents, which fulfill your search criteria:

Document List

13.     The system has displayed the list of documents. Click  Back Button  to close this screen,