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Reply from tilgulkarcn on Feb 26 at 5:30 AM Hi, Arun,
Since sub ledgers have voluminous entries like vendors, customers,
employees , it is never advisable to address all this in General ledger and
reconciliation between outside parties becomes practically impossible.
So also if one is maintaining separate account for each personal account in
General ledger that would be very large and voluminous .
Therefore sub ledgers are must, and each would have one reconciliation GL
account. Becomes easy.
Depending on the volumes you may take call.
All the best.
CNT
| | | ---------------Original Message---------------
From: arun96
Sent: Friday, February 26, 2016 4:33 AM
Subject: What Are Called As Reconciliation Account or Control Accounts?
Hi All,
Which accounts will be listed under Reconciliation or What are the accounts we need to enable reconciliation flag in order to run Reconciliation process between General Ledger and Sub-Ledger Modules?
Please provide the List of accounts if there is any accounts.
What will be effect if I do not enable reconciliation flag, Because anyway I will be able to run reports and identify the errors and I can rectify errors. So what is the purpose of that reconciliation option in account code qualifiers?
Please help me to understand this.
Thanks in advance.
Regards,
Arun |
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