Can one explain me about reconciliation account and special g/l account and down payment request, base line date, noted items?
Reconcilliation accounts in sap are vendor and customer accounts which are entered in the customer and vendor master records to make sure that the postings made to subledger are also posted to GL accounts, special GL accounts, bills of exchange, down payment request, statistical and noted items are special GL transactions which are executed using special GL indicator active. Base line date is the date which is used to calculate and configure the terms of payment and is also help full in dunning configuration..its basically the date of invoice.
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