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8 Jun 2017 Posted in SAP Interview Questions. Each SAP reconciliation account is used to reconcile the sub ledgers with the general ledger. SAP reconciliation accounts are reported on the financial statements, while the individual sub ledger accounts are not. The SAP general ledger is linked to the sub ledgers. 9 Oct 2016 Hi!What is significance of reconciliation account? Why it is important? and how does it helps MM/ FI person?Rgards,Vaibhav. Tutorial guides how to Create Sundry Creditors GL Account in SAP FICO, T Code Select reconciliation account type ( we are creating GL Account for Sundry14 Mar 2017 21 May 2014 Reconciliation account in SAP is a general ledger account assigned to the business partner master record to record all transactions in the sub ledger. It ensures that the total of all General Ledger account balances is always zero. This is a prerequisite for creating a balance sheet at any time. SAP reconciliation accounts help users prepare accurate financial reports. German enterprise A SAP reconciliation account is a general ledger account that receives postings from subsidiary ledgers. A ledger is a Significance. For SAP Learn how to create sundry creditor account (Vendor reconciliation account) in SAP FICO. Reconciliation ledger controls the ledger of sub ledger accounts. When items are posted to an account in sub-ledger, the system automatically posts to a corresponding G/L account which is called as reconciliation account. 14 Mar 2017 18 May 2018 Home » SAP FICO (Financial Accounting and Controlling) » SAP FICO (Financial Accounting and Controlling) Tutorial » SAP FI - GL (General Ledger Accounting) Tutorial For Creating a Customer Reconciliation Account Follow the same SAP FICO Define Account Group · SAP FICO Reverse Clearing 9 Dec 2008 SAP Materials, Documents, Tutorials · Home · About Me · Archives · Search · Blog - Latest News · FI/CO · Reconciliation Accounts and Special G/L Indicator Meaning, transactions data are not posted directly to recon accounts. SAP CIN FI Configuration Guide: Accounts Receivable & Accounts Payable