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.

In sap what is the use of fsv ( financial statement version) ?

1101

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can any one send me the real time interview questions and tockets in sap fico ,my mailid is c.sujatha2008@gmail.com

1906

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Explain the purpose of the account type field in the gl master record?

1189

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What is a line item? : fi- general ledger

1026

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Why is preliminary cost estimate required?

1010

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What differentiates one dunning level from another? : fi- accounts receivable

1245

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What is a ZM entry, is it recorded in the general ledger, and what does it do?

2881

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How to Block/ Un-Block GL Account?

1801

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How do you configure a special gl indicator for customer?

1030

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We use statistical internal orders to have more detail on the cost center for tracking activities in a vineyard. Example would be different operational cost centers buy supplies for pruning, fertilizing, planting, frost control, etc so we have internal orders to add to cost center and gl acct. GL acct is type of expense, labor, supplies, equipment etc. How can I get my internal orders at my cost centers to display both actual and plan in my report. the flext table does not store both cost objects so it will not work.....

1710

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We have two diffferent bank accounts in our System that is icici bank & citi bank but the vendor wants us to pay him 100000 from two different accounts that is from axis bank and union bank so how we should configure in our sap system so that we can pay to vendor through App.

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What is a scheduling agreement? : fi- accounts payable

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How does master data differ from transaction data in co? : co- general controlling

994

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What would be the issues while executing Exhange revaluation where muliple company codes, multiplal operating concerns and multiple controlling area exists ?

1897

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Is periodic reposting different from reposting? : co- cost center accounting

1059

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