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Reconcillation account

In SPRO Where exactly Reconcillation account is maintained for vendormaster.

Pls Explian the relationship between G/L account and Reconcillation account for vendormaster.

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2 Answers

  • Posted on Jan 30, 2008 at 11:09 AM

    Hi Vinay,

    Reconciliation a/cs are used to determine G/L a/cs as sub ledger a/cs. so that when you post to an account in sub ledger then the system automatically posts to corresponding reconciliation account.

    also chk this link below for more details :

    http://help.sap.com/saphelp_47x200/helpdata/en/01/a9b4a2455711d182b40000e829fbfe/frameset.htm

    Regards,

    Krishna

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 30, 2008 at 01:04 PM

    Hi Vinay,

    Account is reconciliation account

    An entry in this field characterizes the G/L account as a reconciliation account. The reconciliation account ensures the integration of a subledger account into the general ledger.

    Examples

    G/L account 140000 is defined as a reconciliation account. In the vendor account 4711, the G/L account 140000 is determined as a reconciliation account.

    In this way, all postings to vendor account 4711 are also posted automatically to the G/L account 140000. The G/L account itself is not designed for direct posting. In this way, a reconciliation between subledger and general ledger is always guaranteed.

    Rams.N

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