Reconciliation Ledger

One of the more important areas of CO configuration is the development of the reconciliation ledger. Among its many uses is the ability to keep activity within the FI G/L in balance with the CO module. The reconciliation ledger tracks all activity within the CO module at a summarized level (to be used for reporting and reconciliation purposes). Activities that occur in CO can be reported by object class and/or object type (shown in Tables 9-1 and 9-2). This process is affected by the NEW GL process. This will be discussed in Chapter 7, “New GL Accounting.”

Table 9-1 Object Classes

Object Classes Description
OCOST Overhead costs
INVST Investments
PRODT Production
PROFT Profit and sales

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