What is the Difference between Reconciliation A/C and Normal Posting A/c

What is the Difference between Reconciliation A/C and
Normal Posting A/c

Question Posted / kurnapally

3 Answers
16068 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What is the Difference between Reconciliation A/C and Normal Posting A/c..

Answer / rohan

Hi,

Generally all the revenue postings are made to the G/L
account. We maintain reconciliation account for customers,
vendors etc and the postings from the normal G/L account
are updated automatically to the corresponding
reconciliation account.

In other words, manual entries can be posted in the normal
G/L account and the same is not possible in the
reconciliation account, as these are automatically upadted.

Thanks

Is This Answer Correct ?

10 Yes

1 No

What is the Difference between Reconciliation A/C and Normal Posting A/c..

Answer / rocky

rec acc is parlel to sub led ac and it helps in normal
postings

Is This Answer Correct ?

1 Yes

2 No

What is the Difference between Reconciliation A/C and Normal Posting A/c..

Answer / subha

reconcilation account comes for export and import sales and
the condtion type is dffrent it is kofaib and is used only
for forgien trade ( exim ) policy

Where as the nromal posting account relates to your revenu
account ( normal business process)

Is This Answer Correct ?

0 Yes

3 No

Post New Answer

More SAP SD (Sales & Distribution) Interview Questions

We want to explode bill of material automatically at time of order entry and explode an equipment bom in the sales order. What are the setting required?

0 Answers

whatz the value class in material?

5 Answers

How to transport change request from one client to another client in sap ? : transportation management

0 Answers

Whether availability check will be carried out for make to order and make to stock? If it happens why?

3 Answers TCS,

How SAP Support to the client to know the requirements?

1 Answers

Hi all, just wanted to know what kind of questions will be asked for a fresher who is going to face an interview for the Associate or Junior level position ? This is very urgent. Your help would be appreciated.

1 Answers

Tell me a complex situation in your work life which you have encountered either in SAP SDImplemenation or Support Project and how you faced that situation?Please reply asap... Urgent!!!! Waiting for your response eagerly... Thanks in advance

1 Answers Infosys,

How to create Collective Billing? What setting is required?

4 Answers Accenture,

how we will configure export sales in sd (respect to plants assign and sales process)?

0 Answers

What is the function of Profit center in Material master and how will system react when it finds Profit center in MM/when it does not find Profit center in MM? Plz answer for both the scenarios?

1 Answers

How cost will flow from delivery(with out reference order) to billing?

9 Answers L&T,

quotation is created with 5 line item when am doing sales order with reference with quotation only 3 item are coming in sales order copy control everything is ok waht setting shell i do

1 Answers HCL,

For more SAP SD (Sales & Distribution) Interview Questions Click Here