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why we need reconciliation account in SAP for AP and AR
plz give em answer in details
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Answer Posted / jm
As an end user, When an entry is posted for AR/AP
transactions. It is reflected in AR/AP sub ledgers only.
However reconciliation accounts ensures the automatic
posting to Main GL a/cs.
In other words Reconciliation accounts ensures automatic
postings from Sub ledger to Main ledger
| Is This Answer Correct ? | 6 Yes | 0 No |
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