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Revenue Account v/s Reconciliation Account

Former Member
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What is the difference between a revenue account and a reconciliation account in SAP ?

Accepted Solutions (1)

Accepted Solutions (1)

former_member1249468
Contributor
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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.

Answers (0)