Meaning: Alternative reconciliation is distinct from regular vendor/customer reconciliation, as it’s not linked to master records, instead paired with reconciliation GL accounts for unique transactions. Alternative Reconciliation Account in SAP.
Example: Let say, when a vendor offers more than 1 service, I want to maintain separate reconciliation accounts for the different services provided to get proper GL reports.
Invoice Posting: FB60/FB70 – see under Details tab – GL field is available as Display mode. I want this field as changeable mode. So that I can give other reconciliation GL account.
- GL Master (FS00) – Under Create/bank/interest Tab – make sure to give tick for Recon. acct ready for input. And make sure to do this for Minimum 2 reconciliation GL’s (vendor/customer).
Click on save.
- SPRO – Financial accounting (New) – Account Receivable and Account Payable – Business Transactions – Postings with Alternative Reconciliation Accounts – Define Alternative Reconciliation Accounts – Execute.
Pop up will come – Give chart of account and hit enter.
Click on New Entries – Give the respective Reconciliation GL accounts here.
Likewise, we can maintain many alternative GL’s for single vendor master.
Click on save.
Now check in FB60, we can see the GL field as changeable.
Explained: Alternative Reconciliation Account in SAP.
Other contents you may like:
- SAP Finance Enterprise Structure: Click here
- SAP Finance GL Accounting: Click here
- SAP Finance Accounts Payable: Click here
- SAP Finance Accounts Receivable: Click here
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