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.
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
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.