Answer / hannah

Hi,
Sub ledger is also a ledger account relating to Vendors,
Customer & Assets. It will be connected to the main ledger
ie. Sundry Debtors, Sundry Creditors & Asset Block through
reconciliation account in SAP so that balances in sub
ledgers are readily available in main ledger.

Assume X as a customer Y as supplier. In FI general ledger
functionally, there will not be these two accounts instead
GL will be having Receivable and Payable accounts.

In the above example X & Y are sub ledgers and receivable
and payable accounts are main ledgers.

People (FI) who are interested only on total recievables and
payable will take the report from GL and the collection or
payment departments will be knowing the details from sub
ledgers from whom the amounts need to come or to be paid.

In SAP every vendor is linked Via a reconciliation account.
This reconciliation account need to be created using FS00 in
SAP and you need to give either he is vendor or a customer.

Thank You.

Answer / gaurav sharma

General ledger help to prepare Financial statement and sub-ledger help to know Vendor Information (AP) Customer Information (AR) & Assets Information (AA) in SAP.
Reconciliation A/c helps to integrate G/L & Sub-ledger.

what is the use of document types

5 Answers  

---

will please anybody forward the project report on sap fico? my mail id : sriramy@gmail.com

8 Answers  

---

what are the organisational assignment to a co code ?

2 Answers   HP,

---

What is iban number in sap ?

0 Answers  

---

What are the other modules to which 'financial accounting' is integrated?

0 Answers  

---

What is the use of sales returns in fi?

0 Answers  

---

what r the activites we have to do before just golive ?

4 Answers   IBM,

---

in which process vendor data are uploaded in bdc

1 Answers   Cap Gemini,

---

What is difference between ECC6 and lower level? briefly explain me

0 Answers  

---

How do you configure the gl account for the house bank? : fi- general ledger accounting

0 Answers  

---

Q.Can we make a provision for TDS on year end march 31,If yes what is the process?

2 Answers   iGate, Wipro,

---

Explain manual cost allocation? : co- cost center accounting

0 Answers  

---