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)/Business Partner (T-Code : BP)

        C. Asset : GL Reconciliation Account is given in Account Determination (T-Code : AO90). And Account Determination is linked to Asset Class (T-Code : OAOA). And Every Asset (T-Code: AS01) is created under Asset Class.

    4. We can select the G/L Account as Reconciliation Account in Control Data tab in T-Code : FS00.