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what is reconciliation accounts?

Former Member
8,908

Hi all,

Can anyone explain me clearly about reconciliation accounts with real time scenario.

thanxs in advance

hari

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Chetanpatil2322
Discoverer

The reconciliation account in SAP S/4HANA is an important concept used to manage and monitor financial transactions between a main account and its associated subledger accounts. In theoretic accounting, it is also commonly referred to as a control account.

Chetanpatil2322_0-1739783215651.png

 

JiriStarek
Explorer
And for better controlling is possible setup and use Alternative Reconcilliation AP/AR accounts