الصفحة الرئيسية > Term: reconciliation account
reconciliation account
A G/L account, to which transactions in the subsidiary ledgers (such as in the customer, vendor or assets areas) are updated automatically.
Typically, several subledger accounts post to a common reconciliation account. This ensures that the developments in the subledger accounts are accurately reflected in the general ledger (that is, in line with balance sheet conventions). For example, a reconciliation account for all overseas customers.
- قسم من أقسام الكلام: noun
- المجال / النطاق: البرامج
- الفئة: هولندا تخطيط موارد المؤسسات
- Company: SAP
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