RECONCILIATION ACCOUNT title: reconciliation account (FI) (SAP Library - Glossary)
RECONCILIATION ACCOUNT category: Financial Accounting (FI)
RECONCILIATION ACCOUNT explained:
A G/L account to which transactions in the subsidiary ledgers (such as in the customer, vendor, or assets areas) are updated automatically.
Typically, several subledger accounts post to a common reconciliation account. This ensures that the developments in the subledger accounts are accurately reflected in the general ledger (that is, in line with balance sheet conventions).
ExampleA reconciliation account for all overseas customers.
More terms such as reconciliation account in Dictionary R.
- Manual REMADV:
- Help EDIFACT message category used for the transfer of payment advice notes reconciliation account definition.
- Manual Request (IS-HMED):
- Help the clinical order. The request is used to request medical services in a service facility. Example A care unit requires an endoscopy in the relevant service facility (ENDO) for a patient reconciliation account explain.
- Manual RFC Connection:
- Help SAP Business Connector and another system using the RFC protocol. If the SAP BC is to be reachable from an SAP system using RFC, it must be defined as an RFC destination in this system reconciliation account what is.
- Manual Restriction Matrix:
- Help determining the restrictions required for a sales order. In the rows of the restriction matrix are all the restrictions which you have created for a location. In the columns are the sales orders reconciliation account meaning.
- Manual Returns (IS-HT-DRM):
- Help from a distributor/reseller to a manufacturer/supplier or from an end customer to a distributor/reseller. These two types of sales returns are called: Sell-in return: (distributor/reseller to reconciliation account abbreviation.
