The configuration of reconciliation account determination is similar to revenue account determination.
In some cases, a company will want to separately identify customer receivables. A good example is when a customer pre-purchases a credit which it plans to use in the future against specific types of purchases, e.g., prepaid training credit which the customer gets when they purchase a large piece of machinery. In the accounts receivables, a credit will have to be shown, and when the customer purchases a training course, the cost is deducted from the credit, not billed to the customer.
This example shows how to configure reconciliation account determination for invoicing to make the cost and credit go to a separate account, and how to configure a special G/L indicator to allow manual adjustments of this account in FI-AR module.
Click on "Reconciliation account" to download the configuration.
This post explains how to configure reconciliation account. This is similar to revenue account determination. The example given in this post helps you to understand the concept of reconciliation. Thanks for this post.
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