What is the importance of reconciliation account in customer
master?
Answers were Sorted based on User's Feedback
Answer / nag
Reconsulation account is the account which will help to cummulate the outstanding of the customer.
when we create invoice system generate accounting document
the account entry is
customer a/c debit
to
revenue a/c credit
for customer account system determine gl accounts from reconsulation account
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Answer / mohd khaja shamsuddin
reconcilliation a/c is a g/l account
helps to cmmulate customer outstanding
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Answer / anonymous
The reconciliation account in G/L accounting is the account which is updated parallel to the subledger account for normal postings (for example, invoice or payment).
For special postings (for example, down payment or bill of exchange), this account is replaced by another account (for example, 'down payments received' instead of 'receivables').
The replacement takes place due to the special G/L indicator which you must specify for these types of postings.
Honestly, the above is from the F1 help in SAP.
I once had a prob in the invoice as it was not passed onto accounting as the G/L account of the SP was not maintained. I hope you can make the connection, now.
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Answer / ashok kumar sahoo
Hi,
You can use the reconciliation account to design the layout of screens for posting items to customer accounts. Using the reconciliation account you could, for example, suppress the fields for exchange rate hedges if these types of transaction are not made. For more information, see the manual Document Posting.
Please check...
1. transaction create of the screen lay out per transaction and / or
2. screen lay out per company code ( in case one has been defined for your company code) if none has been defined for your company code, then check out the field status under * company code
The path in IMG can be traced as:
Fin.Acconting > Accounts Receivable and Accounts Payable > Customer Accounts > Master data > Preparations for creating customer master data .
Regards:
Ashok
I Disk Solutions
09861991761
Is This Answer Correct ? | 0 Yes | 5 No |
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