SAP FICO Interview Question on reconciliation account

                                                   

 

What is reconciliation account? can you directly enter documents in that a/c?

The reconciliation accounts are maintained in the master record of customers/vendors, so that all postings made to subsidiary ledger are also posted to the G/L.

When the items are posted to subsidiary ledger the sap system automatically posts the same data to the G/L a/c's via.Reconciliation a/c in the G/L.