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Former Member

SD

Dear all

what is customer reconciliation account? If i donot maintain in customer master data, what are it's effects

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2 Answers

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    Former Member
    Oct 14, 2008 at 06:12 AM

    Hi GB

    In SAP, users can specify an account type as being a reconciliation account. 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. To take a simple example the "payable account for goods and services" is an example of a reconciliation account for suppliers. In the reconciliation account field, the user should enter vendor.

    So you may be thinking what is the main use of a reconciliation account in SAP?

    Well, with reconciliation accounts, one can generate a balance sheet or profit and loss account at any time, since amounts posted in sub-ledger are also reflected in the general ledger. One final note, I personally would advise SAP R3 users to check the balance of reconciliation account and match it with the corresponding sub-ledger account, to ensure that they match.

    Now to configure it Please go to the link given below

    http://www.sap-img.com/financial/how-to-configure-fico-reconciliation.htm

    Award if useful to you

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    Former Member
    Oct 14, 2008 at 06:11 AM

    No gl will get updated. All the customer GL's are updated through Reconcilliation account.

    regards,

    SUdhir

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