on 06-29-2010 1:45 AM
Hi ALL!!!!
Where will you find Reconciliation Account and what is its importance in terms of SAP-SD?
Any one Please explain this for me. I want to know more information about that. Thanks in advance
Edited by: sbamalesh on Jun 29, 2010 4:14 AM
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.
So, all normal transactions to the customer e.g. sale of goods are posted to the recon account defined in the customer master data. Next question would be, what G/L account should be updated for postings of customer down payment (advance collection)? For proper accounting, downpayment should not be posted to Accounts Receivable u2013 trade. It should be posted to different G/L account e.g. Advances from customer. Well, how would the said transaction be posted to Advances accounts.
So, with the use of special G/L indicator you can specify in the set-up what G/L account advances transactions be posted. Standard posting key of customer transaction with special G/L indicator are 09 (dr) and 19 (cr). The system will always require you to indicate the special G/L indicator when you use the said posting keys.
Hope it can assist you in understanding.
Thanks & Regards
JP
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Hi,
Please check:
What is reconciliation and use:
http://help.sap.com/erp2005_ehp_04/helpdata/EN/fe/5b97427f18d06ae10000000a155106/frameset.htm
from SD point of view.
Reconciliation account is assigned in customer master (XD02).
Bets Regards,
Nisha
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