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Reconciliation Account while creating customer master record, under Company code data

Updated May 18, 2018

While creating customer master record, under Company code data, we have 'Reconciliation Account" field.

What is the significance of this field? Kindly explain with an example.

I'm little bit confused.

Kindly help.


Comments

  • 10 May 2013 6:09 am Rohit Mahajan Best Answer
    If you want to compare the values from ledger accounts using the values which is further posted in profit analyzer , so that you can easily recognize any differences and to achieve an assessment. The reconciliation of ledger accounts standards through SEM PA values are attained via variable transactions through the value maintenance “through values as of ledger accounts” (value maintenance 5). Moreover it will be possible for you to set the indicator to stain all such transactions as reconciliation transactions and next you have to define the features with in the variable transaction so that it can be further used with in the selection via profitability analysis.
    Reconciliation account is used if user s post to a customer or vendor, sometime system will display the error message, for this you would have to configure the reconciliation account field , it will further changes to master data maintenance. It will alter the field configuration in customizing. Access the maintain transaction for A/R and A/P and later on save the data. Now alteration of your customizing will be back to its original setup .If you want to check the master record for the G/L account you must have to set the status Reconciliation account.

    Hope this article will clarify the entire above situation.
  • 06 Jun 2016 3:09 pm Sumant Giri Helpful Answer

    Hi Avishek,

    See when we create an invoice system generates an accounting document .ok and the accounting document is :

    Customer account dr To Revenue account cr.ok so now coming to your question for these to ac that is Customer and Revenue ac system determine two G/L account.ok and For this Customer account system determines G/L account from this reconciliation account and for Revenue ac system determines G/L account from revenue ac determination. Hope you can understand now.

    Regards,

    Sumant

     

  • 10 May 2013 11:20 am Abhishek Gupta
    Hi Rohit,

    Thanks for the explanation.

    I'm novice in SD so it would be hard for me to understand the few of the terms mentione din the above post. I know AR and AP in the sense that AR is for customer account and AP is for Vendor account. Nothing more than this.

    Could you please explain with an example so that it would be of great help to me?

    Thanks in Advance.

    Regards
    Abhishek

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