This data could be for a cost element, business area, object types, object. It supports coordination, monitoring, and optimization of all the processes in. Here we would like to draw your attention to keat transaction code in sap. Sap fi is a module used for reporting both externally and internally. Sap reconciliation ledger tutorial free sap co training erproof. If you post fi co reconciliation ledger results in sap jva, when executing that process in sap co, you must set the run time options so that they are compatible with the sap co processing settings for intercompany reconciliation in sap jva configuration. Sap fico training complete sap fico video based course. Sap can call you to discuss any questions you have. Controllingcost element accountinginformation systemreports for cost and. Sap abap transaction code faglcorc co fi reconciliation. The reconciliation ledger displays data in all co applications.
German enterprise solutions provider sap sells financial management software to large organizations, enabling clients to prepare accurate accounting reports in real time. Reconciliation ledger is used for making postings to transfer crosscompany code. The article talks about the different fi reports in the sap system. Accounts receivable, accounts payable and asset accounting. Bank reconciliation in sap can be done with the help of two kinds of bank statements. As different sap modules are closely integrated, reconciliation is one of the most important and critical period end activity in financial reporting. Why should we worry about reconciling costing based profitability analysis copa to the gl. Bank reconciliation is done to reconcile all transactions recorded on bank statements comparing them to transactions in the system. The purpose of recon ledger is to display the summarized balances of cost ledger.
Sap fico electronic bank reconciliation scratch to advance. Kalc is the transaction for creating reconciliation postings. After all, gl is the book of record from an external reporting stand point. If your software is old, consider a move to hana cloud. Sap transaction code faglcorc co fi reconciliation sap tcodes the best online sap transaction code analytics.
Sap s4hana is an intelligent, integrated erp system that runs on our inmemory database, sap hana, and utilizes artificial intelligence to transform your business processes in the cloud or on premise. This function reconciles the internal posts from co to fi. Not all transactions affect fi gls, best example of it is internal order settlements, they use secondary cost. In general there are four possible data reconciliation scenarios that can be applied in a system in order to reconcile the data between sap source systems and sap bi. This sap abap report about reconciliation in group currency provides an overview of the reconciliation postings necessary to ensure that fi and co postings made across company codes, business areas. Ficoreconciliation tool reconciliation sap figl with copa based on sapicr002 intercompanyreconciliation for fast and transparent closing processes sap erp solution. Automatic transfer entry posted by cofi reconciliation. The fi co reconciliation ledger process is executed in sap co during period end processing to reconcile sap co and sap fi at the company, business area, and functional area levels.
Sap fi and sap co were originally released as separate modules but are now so. Hi, the finance department is now trying to close the year 2003. I am creating this blog for those who are looking to use sap systems for ways on how the standard system can help for the fi. As we know it is being used in the sap copa profitability analysis in co. Ficoreconciliation tool reconciliation sap figl with copa based on sapicr002 intercompanyreconciliation for fast and transparent closing processes sap. Cofi reconciliation customizing the customizing of the real time integration will determine when the fi document will be created from co lines. The figl new and controlling co realtime reconciliation has been enhanced with reconciliation postings for cross venture co postings to facilitate jva. More ashik chollangi, sap labs india in bangalore is veey good. In sap fi module we have 3 types of subsidiary ledgers maintained i.
Web development data science mobile apps programming languages game development databases software testing software engineering development tools ecommerce. In co, we create recon accts to keep fi gl in balance with co. When transactions are posted in asset accounts,reconciliation accounts in general ledger are updated in real time. Coinnovated with sap software certification hardware certification. Reconciliation between management accounting co and financial accounting. It can reconcile all transactions recorded on bank statements and compare them. Tips on how to reconcile costing based copa and gl. Sap transaction code faglcorc co fi reconciliation.
Walk through various value flows into copa match the costofsales account with corresponding value fields in copa in this book, you will learn how to effectively solve reconciliation issues between. Also, there is a transaction keat that makes strides towards. I am an electrical engineering student and interested in computer programming, recently i heard about sap and its various opper. Cofi reconciliation erp financials community wiki sap. How to reconcile data between sap source systems and. Tutorial about sap reconciliation ledger functionality. Automation in accounts reconciliation, including accounts payable reconciliation ap recs and accounts receivable reconciliation ar recs, can relieve accounting folks of a tremendous daily. Join michael management for an indepth discussion in this video general ledger master data fico, part of sap s4 hana financial accounting overview.
Learn how reconciliation ledger helps to synchronize fi and co postings in real time. This content was created to clarify the system logic of the cofi reconciliation. Although a reconciliation ledger line item table cofis exists, no reconciliation ledger line items are written during updating of co documents in the reconciliation ledger. Usually, reconciliation is done as part of the month end closure process. Sap reconciliation ledger tutorial free sap co training. Implement sap s4hana for central finance foundation, without disrupting existing systems, and adopt capabilities for financial reconciliation and the preparation of financial statements. Post an allocation using a secondary cost element, sap will not post an entry back into fi. All sap fi submodules are integrated and transactions. The icr solution uses the fisl posting framework to store document and totals information. Reconciliation ledger in sap sap materials, documents. Sap co overview sap controlling co is another important sap module offered to an organization. The reconciliation ledger tracks postings entered in controlling for which the value flows affect other organizational units in financial accounting. 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.
Ficoreconciliation tool reconciliation sap figl with co. The following report shows you a comparison by account of the values in fi and. Sap fico consists of two modules, sap finance fi and sap controlling co, each of which is used for specific financial processes. We can compare fi and co balances for a specific period using reconciliation reports. In classic r3, sap reconciliation ledger plays an important role in synchronizing co posting with fi by creating reconciliation postings.
Sap fico training videos will help learning the module at your own pace. Sap reconciliation ledger is used in situations like crosscompany code, crossbusiness area and crossfunctional area posting entries take place within a controlling area which are also relevant to fi. Sap account substantiation and automation by blackline sap. I have been looking around, and could not find the amount. In this blog, i would explain how to do sdficopa reconciliation and find without running through configurations. For example, you cannot post a billing document to financial accounting if a copa value field has not been mapped to a condition. From financial accounting we get data into controlling module and in controlling we reassign cost from one. If it is a manual statement than you need to enter the details of the statement manually into. Sap abap transaction code faglcorc co fi reconciliation sap datasheet the best online sap object repository. Jva, integration with new general ledger accounting sap. Displaying fico reconciliation sap library overhead.
There are more sap fico tutorials available in complete course. Reconciliation ledger erp financials community wiki. Fico reconciliation reconciliation between financial. Co fi ledger reconciliation debits and credits information. How to reconcile co and fi modules in sap the reconciliation ledger is a functionality available in the sap controlling module which helps in reconciling co and fi. Choose your sap software for accounting and financial close. Sap transaction code faglcorc co fi reconciliation sap tcodes the best online. The field status group for all reconciliation accounts is g067. Bests supplier statement reconciliation addon is a fully integrated sap addon module that allows moving from.
The sap system contains several reports for reconciliation between fi and co. Sap s4 hana inter company reconciliation process gl. What is the use of reconciliation account in sap fi module. Full form or sap fico stands for fi financial accounting and co controlling. Accounting and financial close sap software solutions. Displaying sap reconciliation account assigning sap reconciliation account to sub ledger account. Essentially, this process posts the results of sap co postings back into sap fi at the appropriate level so that sap fi and sap co agree. Sap reconciliation ledger is used in situations like crosscompany code, crossbusiness area and crossfunctional area posting entries take place within a controlling area which are also. Reconciliation between financial accounting and controlling is possible in sap. Code crcy sap tcodes the best online sap transaction code analytics. Sap fi reports for financial reconciliation and analytics. Processing fico intercompany reconciliation in sap jva.
1248 99 1116 1023 1396 139 1479 162 1535 1527 1140 1188 1214 596 825 1119 1030 68 1109 24 1293 82 189 962 855 1189 1548 950 259 458 1448 863 141 1161 36 131 509 753 67 105 93 83 84 1010