Bill Payable

[Former Member]

when we process to pay bill for vendor through bill payable account i getting error that cannot directly posted to reconciliation account. I using posting key is 39. I am new to FI please suggest what i have to do.

[Former Member]

Thank you to every one the problem is solved

[Former Member]

Hi Raj,

For that you have to do below entry for vendor bill payment

Go to the transaction F-53

There you have to mention the bank account and vendor code (not bill payable account)

go to the process open items and select invoice item.

Regards

Surya

[Former Member]

Hi

we cannot post directly to the reconciliation account this account will update automatically when subledgers get updated.

For eg: Sundry debtor account (Customer reconciliation account)

You cannot post directly to this account once cutomer invoice posted automatically it will get updated

Thanks & Regards

Phaneendra

[Former Member]

I appreciate you for prompt response,

that means, this account for vendor so once the invoice posted it update automatically?

Thank,

Rajesh

[Former Member]

Hello Rajesh,

If you want to post any transaction to the vendor, you have to select the venndor account number (not GL). And the system will automatically post the entries to vendor reconciliation GL account. Vendor account is the sub ledger and vendor reconciliation account is the GL.

Hope this clarifies your doubt

Anil

[Former Member]

Thank you very much to all

[Former Member]

Hi Rajesh,

Yes, once Vendor invoice get posted automatically Reconciliation will get updated (Recon account which was assigned in the vendor master)

Thanks & Regards

Phaneendra