How to Create Vendor Reconciliation account in SAP

How to Create Vendor Reconciliation account in SAP, using T code: FS00.

Vendor Reconciliation account: It is a GL account that automatically receives postings from the vendor master record (sub-ledger). To enable automatic postings, this reconciliation GL account needs to be assigned to the Vendor master or Business partner.

SAP Easy Access – SAP Menu -> Accounting -> Financial Accounting -> General Ledger -> Master Records -> G/L Accounts -> Individual processing -> Centrally – Double click on Centrally.

Click on Create icon.

Popup will come – Give G/L Account number (as per Account group – Liability) and company code and click on continue.

Type/Description Tab: Enter the required data like – Account type, Account group, Short/Long text.

Control data Tab: Enter required data like – Currency, Reconciliation type, Line item display, Sort key etc.

**(Reconciliation account for account type: Vendors)

Note: Transactions for customer/vendor can be done in any currency in the normal course of business, that’s why not giving tick mark for “only balances in local currency”.

Create/Bank/Interest Tab: Enter required data and click on save.

Explained: How to Create Vendor Reconciliation account in SAP.

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