How to Create Customer Reconciliation account in SAP

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

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

How to Create Customer Reconciliation account in SAP, using T code: FS00. #sap96.com

Popup will come – Give G/L Account number (as per Account group – Asset), 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: Customers)

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”.