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 Retirement Income:
- Help Remuneration paid to an employee after retirement reconciliation account definition.
- Manual Requested Quantity (SCM-BAS-QOS):
- Help document or a document item requests. Example for the area of delivery: The reduction quantity corresponds to the goods issue quantity and the requested quantity of the delivery quantity. The open reconciliation account explain.
- Manual Routing Scenario:
- Help processing group, business partner group, routing server, communication medium, and attributes. The scenario specifies the connection of business data from the CRM Online system regarding its use as reconciliation account what is.
- Manual Reference Operation Set (PP):
- Help A frequently used and standard operation sequence for performing a task reconciliation account meaning.
- Manual Release Indicator (MM-PUR):
- Help showing the release (approval) status of a purchasing document. When you release (approve) an internal or external purchasing document using your release code, the system assigns a release indicator reconciliation account abbreviation.
