RE:[sap-acct] Special G/L account while setting up Recon Accts for customer down payment received.
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 | Posted by SAP_Thirst (SAP Application Consultant - Advisory Services) on Apr 25 at 10:01 AM |  Mark as helpful |
Sir: I did that and posted my response.
For the RECON acct, I did set up the RECON acct for customer sending downpayments (Field status group GO31). and special GL indicator, I set up a GL account with recon customer and Field status group GO67. I checked and it seems fine. Thank you so much.
---------------Original Message---------------
From: VidhyaDhar
Sent: Sunday, April 25, 2010 7:18 AM
Subject: Special G/L account while setting up Recon Accts for customer down payment received.
> Hi Saraswathy
>
> You must be aware that each Customer account in the sub ledger contains a
> detailed account of activities (with itemwise and documentwise breakup) the
> summary of all such activities (pertaining to all your customers) is posted
> to the General Ledger into a Customer Reconciliation Account. This keeps the
> size of your General Ledger and the financial statements pruned and
> manageable.
>
> On account of various reasons ( accounting and grouping reasons) , any
> customer downpayment related activities are grouped differently using
> additional ( alternative in liu of the normal reconciliation account would
> be a better term) reconciliation accounts. In the path you have specified,
> what you do is to instruct the system to post to these alternative
> reconciliation account(s) based on context and such posting happens and
> remains valid as long as the special context is alive. Anyways, ultimatelly,
> these are transferred to the normal reconciliation account once the down
> payment stands cleared. Just look around the various field status groups
> available ( they are only a cue to determine the status of each field, most
> of them preset and requiring no intervention). Pick the appropriate one for
> your reconciliation account....you have separate field status groups for
> down payment related reconciliation accounts and others for normal
> reconcilation accounts). You can also tweak them if you want ( though it is
> not necessary, actually). Just peek into the settings of the individual
> fields and you would get a fair idea of what fields are represented with
> what status during transaction posting.
>
> There is nothing more to it.
>
> Try it out, please
>
> Regards
>
> VidhyaDhar
__.____._ For the RECON acct, I did set up the RECON acct for customer sending downpayments (Field status group GO31). and special GL indicator, I set up a GL account with recon customer and Field status group GO67. I checked and it seems fine. Thank you so much.
---------------Original Message---------------
From: VidhyaDhar
Sent: Sunday, April 25, 2010 7:18 AM
Subject: Special G/L account while setting up Recon Accts for customer down payment received.
> Hi Saraswathy
>
> You must be aware that each Customer account in the sub ledger contains a
> detailed account of activities (with itemwise and documentwise breakup) the
> summary of all such activities (pertaining to all your customers) is posted
> to the General Ledger into a Customer Reconciliation Account. This keeps the
> size of your General Ledger and the financial statements pruned and
> manageable.
>
> On account of various reasons ( accounting and grouping reasons) , any
> customer downpayment related activities are grouped differently using
> additional ( alternative in liu of the normal reconciliation account would
> be a better term) reconciliation accounts. In the path you have specified,
> what you do is to instruct the system to post to these alternative
> reconciliation account(s) based on context and such posting happens and
> remains valid as long as the special context is alive. Anyways, ultimatelly,
> these are transferred to the normal reconciliation account once the down
> payment stands cleared. Just look around the various field status groups
> available ( they are only a cue to determine the status of each field, most
> of them preset and requiring no intervention). Pick the appropriate one for
> your reconciliation account....you have separate field status groups for
> down payment related reconciliation accounts and others for normal
> reconcilation accounts). You can also tweak them if you want ( though it is
> not necessary, actually). Just peek into the settings of the individual
> fields and you would get a fair idea of what fields are represented with
> what status during transaction posting.
>
> There is nothing more to it.
>
> Try it out, please
>
> Regards
>
> VidhyaDhar
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