Examples of Secondary Cost Element Postings
- Assessments
- Internal Activity Allocation
- Order Settlement
- Results Analysis
- Overhead Calculation
Reasons for Using FI-CO Reconciliation Program
- Needed to balance Financials with Controlling anytime a CO transaction crosses the following objects:
- Company Codes
- Profit Centers
- Business Areas
- Functional Areas
- Fund (if Public Sector Accounting is used)
- Grant (if Public Sector Accounting is used)
**With SAP General Ledger’s Real-Time Integration (available from ERP 2004) you no longer need to use the Reconciliation Ledger!
Defining Variants for Real-Time FI-CO Integration
- Go to IMG menu path: Financial Accounting (New) Financial Accounting Global Settings (New) ª Ledgers – Real Time Integration of Controlling with Financial Accounting ª Define Variants for Real-Time Integration
Account Determination for Real-Time FI-CO Integration
- Go to IMG menu path: Financial Accounting (New) ª Financial Accounting Global Settings (New) ª Ledgers – Real Time Integration of Controlling with Financial Accounting ª Account Determination for Real-time integration ª Define Account Determination for Real-time integration
Assigning Different Accounts to CO Transaction
- You can assign different accounts to the different CO transactions
- To assign CO transactions to different accounts, click RULES
Defining Intercompany Clearing Accounts
If your CO objects are across companies, you will need to define intercompany clearing accounts in order to balance each company’s document
- Go to transaction OBYA and enter the company pairs
For more on SAP core financial accounting functionality- join us in March in Las Vegas at Financials 2013, March 18-23 And follow me at @AllisonMartin14 for more information on upcoming Financials events.
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