Most SAP people might be asking, what is a reconciliation account and special general ledger indicator in SAP Financial Accounting? Well, my dear readers surely you will be enlightened by this article.
First, you must understand the definition of general ledger. General ledger is the main accounting record of a business which uses double-entry bookkeeping. In [...]

Here’s a simple and quick guide on how to configure SAP Credit Management.
A. Define Credit Control Area - a credit control area is an organizational unit in SAP which specifies and checks a credit limit for customers. Assignment rule is; more than one company code can use the same credit control area. However, one company [...]

Can we change the reconciliation account in the vendor master data after transaction(s) have been posted to the vendor?
YES, the reconciliation account can still be changed. However, there are some prerequisites that need to be done first. I’d like to share the configuration changes and procedures:
A. Set the “Reconciliation Account” field in the vendor master as [...]

This article is a quick reference on how to set the default value of baseline date for payment.
A baseline date for payment is the date for which the payment terms apply. It’s the basis of the sytem to determine the cash discount taken (from vendor) or cash discount given (to customer). During entry of customer and vendor invoice [...]