reconciliation account

[Former Member]

hi all,

can anyone tell me what is reconciliation account and how does it affect article document and accounting document during GR and invoicing?

[Former Member]

A G/L account to which transactions in the subsidiary ledgers (such as in the customer, vendor, or assets areas) are updated automatically.

Typically, several subledger accounts post to a common reconciliation account. This ensures that the developments in the subledger accounts are accurately reflected in the general ledger (that is, in line with balance sheet conventions).

Example

A reconciliation account for all overseas customers.

regards,

indranil

[Former Member]

A reconciliation account is a G/L account which depicts the liabilities of the Company towards various vendors.

You may use the following link for more info.

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

[Former Member]

Hi,

When you post items to a subsidiary ledger, the system automatically posts the same data to the general ledger. Each subsidiary ledger has one or more reconciliation accounts in the general ledger.

We canu2019t use reconciliation account for direct postings.

Check this link:

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

http://www.purdue.edu/onepurduehelp/content/fi_gl_fs00_create_gl_account/wi/html/index.htm

[Former Member]

reconsilaton account is a account for group.

group of vendors supplying rawmaterial1 will be assinged one reconsilation account. another group has seperate account. like that we will assign reconsilation account.

how to create these accouts depends on client.