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Reconciliation accounts..

Posted on Mar 06, 2010 at 04:20 PM 63 Views

HI experts,

What is the need to maintain all sub-ledger accounts are reconciliation accounts in SAP.?

if we don't maintain reconciliation what will be the effect for SAP as well as business?

Thanks

chin

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    author's profile photo FI SCCL
    FI SCCL
    Posted on Mar 06, 2010 at 04:40 PM
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    Hi Chin,

    Primary entry posted in either Vendor or Customer account. In Vendor or Customer master Recon Account is entered. So when we make posting through Vendor or Customer account apart from hitting vendor or customer account posting is also made in the relevant Recon account. So we cannot make direct postings to a recon account. This helps in automatic reconciliation of trial balance with subsidiary ledgers which may not be the case in respect of legacy accounts where in direct postings are allowed to recon accounts and first of all subsidiary ledgers balance is verified and the same thing need be ensured in Trial balance before finalising.

    Regards,

    Aravind Boddupalli

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