The ‘Reconciliation Ledger’ is used to keep track of all cross-Company CODE transactions between FI and CO, as there is EVERY chance that there may be some imbalance between the CO totals and FI totals when more than one Company Code is attached to a controlling area. This is because you may try to allocate costs from one cost center to another assigned to a different Company Code.

The reconciliation ledger records the Company Code, business area, functional area, amount, cost objects, cost element, currency (Company Code and controlling area), etc. You can make reconciliation postings at the end of a period to synchronize FI and CO with the configuration settings to automatically post the differences to FI.

While configuring the reconciliation ledger, you may use extended account assignments besides the normal account assignment for automatic transfer of reconciled postings. The extended account assignment helps make more comprehensive assignments to the relevant reconciliation accounts, with the OPTION and flexibility of specifying any field in the reconciliation ledger (Company Code, cost element, functional area, etc.) for checking the ‘substitution rules.’

To aid in determining possible reconciliation postings, you can opt for selecting individual cost FLOWS from all the relevant cost flows. This is accomplished by running the relevant report and looking for the relevant ‘data block’ (such as total cost flows, basic overview list, and detailed list).

The ‘Reconciliation Ledger’ is used to keep track of all cross-Company Code transactions between FI and CO, as there is every chance that there may be some imbalance between the CO totals and FI totals when more than one Company Code is attached to a controlling area. This is because you may try to allocate costs from one cost center to another assigned to a different Company Code.

The reconciliation ledger records the Company Code, business area, functional area, amount, cost objects, cost element, currency (Company Code and controlling area), etc. You can make reconciliation postings at the end of a period to synchronize FI and CO with the configuration settings to automatically post the differences to FI.

While configuring the reconciliation ledger, you may use extended account assignments besides the normal account assignment for automatic transfer of reconciled postings. The extended account assignment helps make more comprehensive assignments to the relevant reconciliation accounts, with the option and flexibility of specifying any field in the reconciliation ledger (Company Code, cost element, functional area, etc.) for checking the ‘substitution rules.’

To aid in determining possible reconciliation postings, you can opt for selecting individual cost flows from all the relevant cost flows. This is accomplished by running the relevant report and looking for the relevant ‘data block’ (such as total cost flows, basic overview list, and detailed list).