Answer Posted / georgefico

1. Reconciliation is a process of clearing/matching your
Dr/Cr entries against the Bank statement.

2. Customer and vendor accounts are sub ledger GL's. We
will have to create two reconciliation GLs in viz.


While creating customer and vendor master records, we have
to mention respective reconciliation GL in their company
code segment details. This recon a/c will show you the net
balances in GL for customer and vendor a/cs.

Without creating Vendor you can still create individual GL
for each customer and vendor , but then
1) Your list of GL's in chart of account will be very
lengthy.
2) Duplication of work as SD/ MM people are also required
to create their own list.
3) Cross company code consolidation will not be possible as
the chart of accounts will be different.
4) Very difficult to keep track of individual customer/
vendor a/cs.
5) Not advisable even in real time accounting system i.e.
manual book keeping.

Automatic clearing Ib OB74 based on criteria I have defined document type and account no. and whether it cleared automatically or we have to go to F.13 do test run after that we will clear the document

7885

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Explain about a shortened fiscal year?

1171

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Describe the dunning process? : fi- accounts receivable

1355

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How many numbers of line items in one single entry you can have?

1117

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You want to revalue the production orders using actual activity prices. Is there any configuration setting?

1116

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Explain the process of profitability analysis in sap co system co-pa? What is the use of co-pa? : cost center accounting

1058

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what is mixed costing in product costing? please send to me

2159

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Difference between structure and unstructured in MT940 In Bank reconciliation statement?

4251

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Lets say for a product there exists three production versions. Explain the process how you would go about creating a mixed cost estimate?

1077

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Who is an alternate payee? : fi- accounts receivable

1114

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What is integrated planning in co-om-cca? : co- cost center accounting

1153

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what is sub contract ?

2040

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What do you mean by opening/closing posting periods?

1077

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How is it possible to apply 2 different overhead rates for 2 different finished goods?

1100

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hi this is ganesh i am having experiance in finanace ,my graduation -B.COM+ONE year excutive MBA i am looking coaching for SAP(FICO) from realtime experiance person from BANGLORE --if any body is their please mail me -to---ganesh.isbm@gmail.com Thanking you Regards Ganesh

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