From the course: SAP Financials Essential Training

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Reconciliation accounts in SAP

Reconciliation accounts in SAP

From the course: SAP Financials Essential Training

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Reconciliation accounts in SAP

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- [Instructor] Let's explore reconciliation accounts in SAP. Reconciliation accounts are the vehicle that links sub ledger accounts, like accounts payable, accounts receivable, and fixed asset accounts back to the general ledger. Every sub ledger account has to link back to a reconciliation account. For example, when there's a posting to the accounts payable sub ledger account, the balance and the associated reconciliation account in the general ledger gets updated automatically. Now let's look at a reconciliation account in our test system. To do so, we'll enter transaction code fs00 and press enter. This brings us to the edit GL account centrally screen. In the GL account field, we'll enter 21100000 which is the account number for our payables domestic account. And in company code, we'll enter 1710. Now we'll press continue. We now have all the information about this reconciliation account populated. We can see…

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