What is reconsilation flag in gl? What is use of this ?

What is reconsilation flag in gl?
What is use of this ?

Question Posted / mstapps

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What is reconsilation flag in gl? What is use of this ?..

Answer / saritha reddy

reconsilation flag is used to meet some reporting
requirements in the european country .This is used only for
tax calculations purpose.

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What is reconsilation flag in gl? What is use of this ?..

Answer / arunasish sircar

You will find anwers to this question and many more. Go to
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http://online.handsonerp.com/tutorials.html. Try it for
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What is reconsilation flag in gl? What is use of this ?..

Answer / hussain

Accrual Accounting standards use control accounts,also
known as parking accounts. These acounts should be given
the reconciliation flag.

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