In A/R, You are maintaining recon in legacy system & at the
end of every month you need to carry forward the balance to
SAP..what config do you do & what is the accouting
transaction?
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Answer Posted / mk
It seems that you have open AR documents in your legacy
system which you did not move oevr to SAP. Now, when you
collect in the legacy system, you want to bring the effect
in SAP. Is that right?
If yes, then first, create a separate receivables account
(sundry debtors as they sometimes are called) for the open
AR documents in the legacy system. This will not be a
reconcilliation accoutn in your SAP system as the subledger
is maintained in legacy. Load this GL account with an
opening AR balance (debit) along with other account balances
that you had in legacy when you moved over to SAP.
Now, when invoice is collected in cash, you debit cash and
credit this AR account. If all or a portion of this invoice
is charged off as unreceivable, then post a debit to an
expense account - Loss on uncollectable AR
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