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Reply from VidhyaDhar on Aug 1 at 11:23 PM Hi,
Let us imagine a situation where your company code deals with 5000 vendors
and that with each vendor you have a minimum of 3 transactions in a day.
If your annual working days are 300, then the total number of transactions
in a year work out to 4500000 (viz. 5000 vendors X 3 transactions per
day X 300 days per year ). In other words, to identify your payable
liability to vendors at a given point of time, you have to add up all the
transactions and report your payable in the balance sheet. In order to make
life easier, SAP lets you maintain a single pool account called
Reconciliation Account which only contains summary of payable for easier
reporting purposes. The reconciliation account is automatically updated in
real time ( and reflected in your balance sheet as sundry creditors in a
summarized form ) whenever you carry out a transaction involving a vendor.
You need to define a reconciliation account in your chart of accounts for
easier reporting purposes. You maintain such reconciliation accounts for
all your customers, vendors and fixed assets. The reconciliation account is
for reporting reasons and is usually created in your chart of accounts by
the finance / accounts people. An appropriate reconciliation account needs
to be mapped whenever you create a customer / vendor / fixed asset master
record.
Please check with your finance staff and obtain the appropriate
reconciliation account from them. Then you can furnish this reference in
your vendor master record.
Regards,
VidhyaDhar
| | | ---------------Original Message---------------
From: NaveedQureshi
Sent: Wednesday, August 01, 2012 10:48 PM
Subject: Recon. A/C in XK01
So you must have to create RECON account in your chart of accounts
otherwise you cannot see CREDITORS in your TRAIL BALANCE.
Take care,
NQ |
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