Anjali

• May 15th, 2007

 

A G/L account, to which transactions in the subsidiary ledgers (such as in the customer, vendor or assets areas) are updated automatically.

Typically, several subledger accounts post to a common reconciliation account. This ensures that the developments in the subledger accounts are accurately reflected in the general ledger (that is, in line with balance sheet conventions).

Example

A reconciliation account for all overseas customers.

anjali1994

 Profile Answers by anjali1994 

• May 15th, 2007

 

A key that distinguishes the business transactions to be posted.

The document type determines where the document is stored as well as the account types to be posted.

ushabonthu

 Profile Answers by ushabonthu 

• Mar 11th, 2008

 

1. What is the enterprise structure of FI/CO?

Enterprise structure is nothing but Organizational unit structure, which is
used to structure Business functions and Reporting.
Oraganizational units are used in mapping the physical organization of a company
on to the SAP system.
There are two types of structures.
External structures: They are used for external reporting purposes.
Ex: Company code
Internal Structure: They are used for Internal reporting purposes.
ex: Business area, Controlling area.

2.What is a document type in SAP terminology?

Document type is nothing but two character alphabetical key which is used to
classify Accounting documents and is used to distinguish Business transactions.

And it controls Document storage by storing the documents belonging to the same
document type together.
Ex: SA , KA, KR, KZ, DR, DZ etc..

3.What are the criteria while creating vendor master records?

1. First we need to define Vendor account groups and Number ranges.
2.Assign number ranges to Vendor account groups.
3. Define Reconciliation account for Vendors
4. Then we create a Vendor master using the transaction code XK01.

In the creation of vendor master record, we have to specify
To which account group that Vendor belongs to .
And we have to give the address and Basic Information about that Vendor.
We have to give reconciliation account for that Vendors.

4.What is the reconciliation account in SAP?

Reconciliation Account is nothing but a G/L account, to which the
Transactions posted in Subsidiary legers are posted automatically.