Interested to Buy Any Domain ? << Click Here >> for more details...
why we need reconciliation account in SAP for AP and AR
plz give em answer in details
- 7 Answers
- 20580 Views
- HP, I also Faced
- E-Mail Answers
Answer Posted / rsr
AR and AP are the subsidiary ledger to FI.
When you post items to a subsidiary ledger, the system
automatically posts the same data to the general ledger.
Each subsidiary ledger has one or more reconciliation
accounts in the general ledger. These reconciliation
accounts ensure that the balance of G/L accounts is always
zero. This means that you can draw up balance sheets at any
time without having to transfer totals from the subledgers
to the general ledge.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Explain reversal of documents in sap : fi- general ledger accounting
My Client has a special requirement.That is How to transfer An Asset from One Plant to another Plant? Here, (Plant=Profit Center).Accumulated Depreciation amount must be transferred from One Profit Center to another Profit Center.( This is the requirement).
Explain the process of calculating the planned activity output through long term planning?
What are the major components of chart of accounts ?
What do you understand by sap cost center? Explain with the example? : cost center accounting
where is excise amount posted?is he asking abt table name or any other t code? if he said table name so how to find the table name?
Can you post an a/c document if the credit is not equal to the debit?
What is fast entry? : fi- general ledger accounting
Why is it not possible to post to a customer accont in a previously closed period?
Is there a SAP Standard Workflow Task that can be assigned to Master Data creation in SAP like GL Master (FS00), Vendor / Customer Master
What is the difference between "costing based" (cb) and "account based" (ab) co-pa ?
what is cr in sap
what are the advantages & dis advantages document splitting in fico? where as we can see the reports gl a/c wise & particular vendor/customer/document wise why we prefer doc splitting? let me know the possible answer soon. asked @ Accenture.
Explain the relationship between company code and controlling area?
Our company has 2 divisions: Food Service & Food Beverage Units Now we have a problem... The customer no. 500 , is shared between our Food Service and Food & Beverage units. T we do not have a customer hierarchy for the following combination: sales org. 1000 dist. channel 10 ( for food service) division 00. We cannot set this up because we have the customer hierarchy already created for sales org.1000, dist. channel 11 ( for food and beverage) division 00 Is there anyway that we can set up the customer hierarchy for food service units? Please let me know
