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reconcilation account

Former Member

‎08-09-2007 12:59 PM

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Can any one explain me about reconcilation account .

5 REPLIES 5

Former Member

‎08-09-2007 1:46 PM

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May be some FI guy will be able to answer this more precisely.

Former Member

‎08-09-2007 1:55 PM

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Hi Uma

The configuration of reconciliation account determination is similar to revenue account determination

Reconciliation Account Determination With A Special G/L Indicator For More Flexible Invoicing

Using transaction FS01 create the new reconciliation account.

reward points to all helpful answers

kiran.M

Former Member

‎08-13-2007 12:24 PM

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I am not able to understand the answer u have given, can u just tell what is called reconciliation account?

Former Member
In response to Former Member

‎08-13-2007 12:40 PM

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The Reconciliation Account is managed as an ordinary account in the G/L component.

The required reconciliation account is entered in the master record of the customer account.

reward points to all helpful answers

kiran.M

Former Member

‎08-13-2007 12:58 PM

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Hi Uma,

It is the integration between the general ledger and Sub-ledger.

EX: Say 100160 is sendury creators account which is a reconciliation account with account type K. All the vendors having the same Reconciliation account in the Master Data are integreted with GL using this Reconciliation account. All the business transactions posted to those vendors update the account receivable sub-module with individual vendor numbers and updates GL with Reconciliation account only.

Reward for useful posts

Thanks

Naveen Khan