Reconciliation A/c

[Former Member]

why we need Reconciliation A/c at the tme of vendor creation , cash management group and vendor A/c gropu Kred?

pls explain via example

[Former Member · Accepted solution]

Go thru this:http://help.sap.com/saphelp_470/helpdata/en/01/a9b4a2455711d182b40000e829fbfe/frameset.htm

Reetesh

[Former Member]

Reconcilliation a/c - this used as an intermediate account for final settlement to the vendor from the finance angle.

Cash management group is also a finance entry. it helps in segregation of different cash payments.

Vendor Account group segregates the vendor type. ie Domestic, import, sub-contracting, employee etc