This is an essential part of SAP Financial Accounting
System demo included!
Now we understand the meaning of reconciliation accounts and how they are linked to the different sub ledger accounts
Next step is to learn how
to post to different reconciliation account from the same sub ledger account!
What?! why do we need this?
A simple example is when you post a payment to the vendor sub ledger, now this payment can either be:
- A down payment > which should be posted to the "Vendors Down Payment" reconciliation account
- A normal payment > which should be posted to the standard "Vendors" reconciliation account
To tell SAP which reconciliation account we want to use, we use the Special GL Indicators
In this video I
explain the business concept in detail and as usual I follow this with a
system demo on SAP S4HANA
https://www.youtube.com/watch?v=MMtCnx1G_wk
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Thank you for reading and watching, see you in the next blog post
