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Difference between clearing account and reconcialiation account

Former Member
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864

Hi

What is the difference between clearing account and reconciliation account. Where we differ these accounts as clearing account or reconciliation account.

Moderator: Please, avoid asking basic questions

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Answers (1)

Answers (1)

Former Member
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Hi,

Only indirect posting can happen in recon account, whereas clearing account two types of posting can be done AUTOMATIC POSTING & POST WITH CLEARING, this is the difference between both of them.

Former Member
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Hi thanks for your reply. But how can we differ these accounts in SAP. Means what are the parameters we give while creating these two accounts (Ex: Acct group, recon account type, open items check box, field status group etc...)