Skip to Content
author's profile photo Former Member
Former Member

Reconciliation account

Hi friends,

what is a reconciliation account?what is the use of this reconciliation account?

Regards

RK

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Apr 16, 2008 at 05:37 AM

    Hi

    Recon account is used to get the total of the sub-ledger postings.

    For Ex: Customer recon account will be used to know the Receivable from customer.

    In SAP Vendor / Customer .... accounts are termed as Sub-ledger accounts and all these sub ledger accounts will be assigned to a particular recon account.

    Let me know if you need any further info

    Thanks

    Kalyan

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Apr 16, 2008 at 05:39 AM

    Hi,

    It is a General Ledger Account which connects subledger to main ledger for instant information.

    For ex. At a particular point of time, you want know total vendor outstanding amount, you don't need to total all vendor balances seperately, this information available in general ledger of vendor reconciliation account in T/B.

    I hope it will clear your doubt. assign points if it useful.

    Regards

    Sarma BH

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Apr 16, 2008 at 06:09 AM

    In SAP we are Called Vendors / Customers and Assets as a sub ledgers, ther is no way to post by using subledgers,

    SAP Provides this fecility you assign the Recon A/C only,

    While posting doc in AP/AR/AA sys automatically updates records perticular recon a/c,

    Recon A/C we are not post directly,

    Regards,

    TML

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.