Manage Reconciliation Key
Application component: Fiori UI for Contract Accounts Receivable and Payable
App type: Transactional
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Contract Accounting (S/4 CLD)
Description:  With this app, you can manage reconciliation keys. Reconciliation keys group FI-CA documents for transfer to the general ledger. 
Key features:  You can use the app to manually create, display, close and delete a reconciliation keys. You can use the reconciliation keys you create for any postings as long as the keys remain open. You can aggregate reconciliation keys under one reconciliation key (aggregation key) before the transfer to the general ledger. In that case, the system adds the totals records that have the same account assignment together, which reduces the number of totals records. As a result, you transfer only the totals records of the aggregation key. This enables you to reduce the number of posting items in the general ledger. When you create a reconciliation key you can flag the reconciliation key for aggregation. If you set the indicator, the reconciliation key can only be transferred to the general ledger after it has been aggregated.  When you select a reconciliation key for display from the list, you receive a general overview of the use of the reconciliation key. In addition, the app displays the following:   The status of the transfer of the reconciliation key   The transfer documents posted in the general ledger from the posting totals of the reconciliation key   The totals records contained in the reconciliation key   Before you can transfer the totals records posted with a reconciliation key to the general ledger, you must close a reconciliation key. This ensures that no other postings are carried out for a reconciliation key and that the recorded values cannot be changed. Some processes close reconciliation keys automatically (for example, all mass activities, such as the payment and dunning runs). If the system does not close the reconciliation key automatically, close it manually by using the app. If you have created a reconciliation key but have not grouped any postings under the reconciliation key, you can delete the reconciliation key by using the app. In addition you can use the app to do the following:   Transfer totals records to the general ledger You can transfer a reconciliation key only if its status is closed and the key contains postings.   Reverse the transfer to the general ledger You can only perform a reversal if the transfer status of the key is transferred.   Display totals records   Check totals records The system checks totals records only if the reconciliation key contains totals records.   Note From the Manage Reconciliation Keys app, you can access the following transactions:   Create Reconciliation Key (transaction FPF1)    Change Reconciliation Key (transaction FPF2)    Display Reconciliation Key (transaction FPF3)    Display Documents for Reconciliation Key (transaction FPT5)    Display Posting Totals (transaction FPT7)    Aggregate Reconciliation Key (transaction FPFAGG)    Transfer Total Records to G/L (transaction FPG1)    Reverse (transaction FPG8)   
Business roles: Accounts Payable and Receivable Accountant (FI-CA)| Reconciliation Specialist - Accounts Payable and Receivable (FI-CA)| External Auditor - Accounts Payable and Receivable (FI-CA)
External Auditor - Accounts Payable and Receivable (FI-CA) : 
Reviews the accounts of organizations to ensure the accuracy and completeness of their financial records. Determines if the financial statements of an organization fulfill all required legal accounting policies, and procedures.

Accounts Payable and Receivable Accountant (FI-CA) : 
Deals with payment and credit clarification of B2B and B2C customers and works off complex customer requests according account clarification.

Reconciliation Specialist - Accounts Payable and Receivable (FI-CA) : 
Is responsible for the reconciliation of Contract Accounts Receivable and Payable (FI-CA) with the General Ledger (FI-GL) and all reconciliation accounts and tax on sales and purchases Clearing accounts.