Reg. Reconcilation Account

[Former Member]

Hi All,

This is regarding Reconcilation Account , and below are the questions on the same.

1, What is mean by Reconcilation Account ?

2, When we creating a new Company Code , do we wnat to create new Reconcilation Account ?

3, How to link the same with the Company Code ?

Regards,

Sen

[Former Member]

Hi,

To answer your questions:

1. Each and every sub-ledger account should have a corresponding reconciliation account in the general ledger. SAP automatically posts an entry in the reconciliation account as and when an entry is made in sub-ledger. Some of the examples are Vendor,customer,Assets etc.

2. An account needs to be defined as a reconciliation account from the starting itself.

3. This is linked through the General Ledger created under a Chart of Accounts which will be assigned to a Company Code.

Regards

Sridhar