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Reply from Nikki Klein on Feb 26 at 1:02 PM Hi
Standard SAP provides for Assets, Customers, Vendors and Contract Accounts Receivable as sub-ledgers (ie reconciliation accounts). This enables the system to hold the sub-ledger account balance on the balance sheet (eg Accounts Payable), and the detailed line items are held in the sub-ledger itself, by vendor (in this example). This offers the option to limit users to specific sub-ledgers, and it means the General Ledger itself is not loaded up with what would effectively be duplicate entries.
The G/L accounts that represent materials are effectively also used like a sub-ledger.
I've never seen anyone create new / additional types of reconciliation accounts for other purposes.
Nikki
| | | ---------------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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