Interested to Buy Any Domain ? << Click Here >> for more details...
What is reconciliation account; can you directly enter
documents in that a/c?
- 10 Answers
- 65104 Views
- I also Faced
- E-Mail Answers
Answer Posted / navneet multani
Reconciliation Accounts are G/L accounts that receive postings from a subsidiary ledgers. Meaning, transactions data are not posted directly to recon accounts. Example of recon accounts are Accounts Receivable, Accounts Payable and Fixed Assets G/L. For accounts receivable G/L the subsidiary ledger is the customer account. All transactions with the customers are posted directly to the customer account and the recon account is automatically updated. How this thing happen? Well, when you create a customer account you specify under the Company Code data the reconciliation account.
| Is This Answer Correct ? | 4 Yes | 4 No |
Post New Answer View All Answers
Can both account-based and costing based profitability analysis be configured at the same time?
Which is the payment term which actually gets defaulted in transaction (accounting view or purchasing view)?
Explain the organizational assignment in the pa module? : co-pa
Outline company code—controlling area assignments? : co- general controlling
In initial project resources how can u distribute 1 crore amount among various modules like FI,CO,HR,PP,MM,SA,ABAP & BASIS etc.
What is a line item? : fi- general ledger
How do you configure the gl account for the house bank? : fi- general ledger accounting
What is field status and what does it control?
What are the necessities of a dialog program must complete?
Explain how taxes are handled in sap?
Hi, Can anybody will assist me on describing the benefit of CO-PA. Is this can be used for budgetory control? What are the best tool for controlling online Budget in SAP? kesdec21@gmail.com
What is clearing? : fi- general ledger accounting
Explain the organizational assignment in the controlling module?
What is the company code in sap?
1) How other modules are integrated with FI 2) What is a variant how the Fiscal year variant works, what is the indication -1 or +1 denotes 3) What are the controls you have to consider when you create GL master
