What is the Difference between Reconciliation A/C and Normal Posting A/c

What is the Difference between Reconciliation A/C and
Normal Posting A/c

Question Posted / kurnapally

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What is the Difference between Reconciliation A/C and Normal Posting A/c..

Answer / rohan

Hi,

Generally all the revenue postings are made to the G/L
account. We maintain reconciliation account for customers,
vendors etc and the postings from the normal G/L account
are updated automatically to the corresponding
reconciliation account.

In other words, manual entries can be posted in the normal
G/L account and the same is not possible in the
reconciliation account, as these are automatically upadted.

Thanks

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What is the Difference between Reconciliation A/C and Normal Posting A/c..

Answer / rocky

rec acc is parlel to sub led ac and it helps in normal
postings

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What is the Difference between Reconciliation A/C and Normal Posting A/c..

Answer / subha

reconcilation account comes for export and import sales and
the condtion type is dffrent it is kofaib and is used only
for forgien trade ( exim ) policy

Where as the nromal posting account relates to your revenu
account ( normal business process)

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