Reconciliation Account & GL Accounts

[Former Member]

Hi All,

I have a question:

We maintain Reconciliation Account in the Customer Master (XD02 - Company Code->Account Management tab) as well as we maintain the assignments of GL Account in the config. How are these two related, are they even related? Because what is maintained in the customer master is different from "Assign GL Accounts" in config (Tcode VKOA).

If we are creating sales order which account is it suppose to pick for GL Posting?

[ravi_kumar100 · Accepted solution]

Hi,

When posting Into FI there should be some G/L Account debited and other account credited to nullify the impact.

In SD Cycle the G/L account you define in VKOA will be Credited during Invoice creation in VF01 ,during accounting document generation and the respective account of Customer will be debited. The customer account will be the reconcillation account you define in the Customer Master.

Regards,

SRK

[ravi_kumar100 · Accepted solution]

Hi,

To add up the above there is another functionality of Alternate Reconcillation account in SAP. where an alternative account can be defined in the config which will switch the Customer reconcillation account during invoice posting.

Regards,

SRK