on 07-29-2009 11:00 PM
What is the difference between a revenue account and a reconciliation account in SAP ?
Hi,
Reconciliation account will come under Chart of Account. The customer account will come under General ledger. The
customer / Vendor account will be reconciled by the reconciliation a/c.We can not enter any document directly to recon. a/c
Revenue account is to know how much sales/business has been generated in aperticulat period.Organisations will come to know the total turnover based on the revenue amount after deducting all the taxes.
Hope it ehlps.
Regards,
Pasapula.
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