why we need reconciliation account in SAP for AP and AR
plz give em answer in details
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Answer Posted / sagar_sap
Reconcile ledger creates a link between main G/L and sub ledger that means:
Example:
Customer a/c in AP is a sub ledger
and Sundry Debtor is a G/L
So, reconcile ledger creates a link to update G/L through Sub ledger. when you post any transaction to a subledger it updates G/L through Reconcile ledger.
Transaction--> Sub ledger ==> Reconcile Ledger --> G/L
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