Reconciliation Account in SAP
Meaning of Reconciliation Account: When ever we post the value in Sub-Leger it will automatically update the value in Main-Leger. Example: Sub-Legers are like Vendors, Customers, Assets etc. Main-Ledger is G/L Reconciliation Account. Important points on Reconciliation Account: 1. If G/L Account is a Reconciliation Account it should always be updated with Sub-Leger (Vendor, Customer, Asset etc.) only. 2. It is not recommendable/cannot post directly to GL Reconciliation Account. 3. How are we linking the Main-Ledger and Sub-Leger in SAP? A. Vendors/Business Partner : GL Reconciliation Account is given in Vendor Master (T-Code : FK01)/Business Partner (T-Code : BP) B. Customers/Business Partner : GL Reconciliation Account is given Customer Master (T-Code: FD01)/...