Difference between "account group" and "reconciliation account"

Hello,
I am new to SAP and I would like to understand the difference between the "account group" and the "reconciliation account" that appear both in the vendor master records.
From what I read, "account group" is just a classification but has no "accounting" impact whereas "reconciliation account" (goods suppliers, overhead expenses suppliers...) do have an accounting impact.
However I am not sure so I would like a confirmation on that and if possible examples so I could really understand.
Thank you.

Hi,
The account group is a way to divide vendors into groups for reporting later on.
The account group is also the link to the number range and the field selection functionality.
Please refer the below link for more clarity.
http://help.sap.com/saphelp_46c/helpdata/en/53/c98647ca3711d2b494006094b9114a/frameset.htm
Account group
The reconciliation account is the account is the account which is posted to at invoice receipt stage where the vendor account represents the sub ledger and the reconcilation account the ledger.
Reconciliation Account
http://sapdocs.info/sap/fico/reconciliation-accounts-and-special-gl-indicator/
Hope it helps you.
Thanks.

Similar Messages

  • Difference Between Raw Material and Inventory Account

    Hi Experts,
    can you pls explain me the difference between raw material account and inventory account opened under Asset Drawer in Chart Of Account ??

    Hi Divya.......
               There is no difference between raw material and inventory account. Infact the raw material is nothing but stock and stock includes the finished semifinished product also. In short the stock account belongs to the category inventory account.......
    Regards,
    Rahul

  • Difference between Cost Center and GL Account

    Hi All,
    I want to know that "what is the difference between Cost Center and GL Account."
    Regards

    Hi Vidya,
    Few points:
    1. GL is a FI object and used for external reporting, whereas cost centers are CO objects and used for internal management reporting.
    2. In GL you classify the nature of expenses like telephone expenses, travelling Exp. Salary exp etc., whereas by cost center you decide where are expenses were incurred, like Production department, Mkt. Department, HR department etc.
    3. You post the FI transactions at GL level whereas the cost center are assigned to those GL account for getting the more detailed information about the expenses.
    4. GL accounts are P&L and BS account and only P&L expenses accounts are posted to cost cneters. And you can choose to post it by cost center or not by defining the GL as cost element. If you do not define any GL as cost element, it will not post to cost centers.
    I hope it answers your question.
    thanks,
    Vivek

  • Link between Material group and GL account

    Hi Friends ,
    Need your help in the following issue
    Where is the link between Material group and GL account. i.e. If material group is selected in PO then the GL account for the material should get picked up automatically in PO (for account assigned POs) ?
    What I know is
    1. In Account assignment category configuration we need to assign the value "VBR" in  Account Modification field.
    2. In Material group configuration we need to assign the vluation class for material group
    3. In Account determination(OBYC) for GBB transcation type for the combination of  general modifier "VBR" & Valuation class we need to assign the GL account .
    When PO is created with respective account assignment category the GL account is picked from the above setting.
    My question is ,  "Is there any other setting apart from the above which will decide the GL account in PO fro account assigned POs"?
    Thanks
    Deva

    Hi,
    From IMG> Material Management> Purchasing> Material Master> Entry Aids for Items Without a Material Master,
    With it you can define the G/L account assignment according to the relationship between material group and valuation class, from my point of view, you had better define some valuation class for non-produciton parts in advance.
    Good luck
    Tao

  • What  is difference between user group and reference user group?

    hi
    guys,
            what  is difference between user group and reference user group? 
    your regards
      p.suresh

    Hi ,
    Chk the link below for your clarifiacation.
    http://help.sap.com/erp2005_ehp_03/helpdata/EN/5c/c1c81c445f11d189f00000e81ddfac/frameset.htm
    Hope it helps.
    Regards,
    Amit
    Edited by: Amit Kotwani on Sep 2, 2008 2:15 PM

  • WHAT IS THE DIFFERENCE BETWEEN PHRASE GROUP AND PHRASE SET?

    WHAT IS DIFFERENCE BETWEEN PHRASE GROUP AND PHRASE SET?

    Hi Ramya,
    Definition of a Phrase group is a number of phrases contained in a phrase library grouped according to logical criteria. A phrase can be assigned to only one phrase group.
    Phrase set is grouping of phrases for a purpose which includes allowed phrases for a value assignment type and Default phrases for a value assignment type. A phrase can be assigned to a number of phrase sets.
    Hope this helps you
    Best Regards
    Srinivas

  • Difference between AP groups and HREAP or flexconnect

    Hi Experts ,
    Can anyone please tell me the difference between AP groups and HREAP functionality?
    Is the AP group for within one office location ? and Hreap is over WAN?
    Regards,
    Vijay.

    AP groups and H-REAP/FlexConnect are used differently.  AP Groups define what SSID's and WLAN to VLAN mapping (local mode) that ap's in the group will have.  H-REAP/FlexConnect group is only used when the ap's are in this mode and you define ap's that are close together in that group for fast roaming if using 802.1x.  If your only using pre-shared key or non-802.1x, then you really don't need to use H-REAP/FlexConnect groups.  You can have ap's in both ap groups or h-reap/flexconnect groups, that is why you need to understand what each does.
    FlexConnect Grups:
    http://www.cisco.com/c/en/us/td/docs/wireless/controller/7-4/configuration/guides/consolidated/b_cg74_CONSOLIDATED/b_cg74_CONSOLIDATED_chapter_010001111.html
    AP Groups:
    http://www.cisco.com/c/en/us/td/docs/wireless/controller/7-4/configuration/guides/consolidated/b_cg74_CONSOLIDATED/b_cg74_CONSOLIDATED_chapter_01011111.html
    Scott

  • Difference between bridge-group and VLAN

    Hi all,
    I don't understand very well the difference between bridge-group and VLAN...
    Could someone explain me or give me a site which could help me?
    Thx U by advance!

    Khay
    bridge-group is used on a router to enable bridging on an interface. In terms of functionality a bridge-group is very similar to a VLAN. For example if you create bridge-group 1 and assign it to interfaces FastEthernet 1/0 and 2/0 and you create bridge-group 2 and assign it to interfaces FastEthernt 1/1 and 2/1 it is like creating 2 VLANs. Devices in bridge-group 1 (interfaces 1/0 and 2/0) can communicate with each other but not with devices in bridge-group 2 (intefaces 1/1 and 2/1).
    HTH
    Rick

  • Differences Between Infopackage Groups and Process chains

    Hi All,
    Can anybody explain me what are the differences between Infopackage Groups and Process Chains ? And how process chains are more comfortable

    hi nagarjuna,
    An InfoPackage group is a collection of InfoPackages. In order to summarize data requests which logically belong together from a business point of view, and to therefore simplify the request, you can collect data requests (meaning the InfoPackages) into an InfoPackage Group. You can schedule each of these groups in the scheduler . With the data request the scheduler can access InfoPackage groups directly and thereby request more than one InfoPackage at a time, corresponding to the setting in the InfoPackage group. Thus, you can support InfoPackage groups with the serialization of your data requests.
    While a process chain is a sequence of processes that wait in the background for an event. Some of these processes trigger a separate event that can start other processes in turn. hit this link to know abt PCs:
    http://help.sap.com/saphelp_nw04/helpdata/en/8f/c08b3baaa59649e10000000a11402f/content.htm
    Process chains are more comfortable becoz itz not like infopackages where we have to schedule each pack individually. And in PCs, monitoring is very convenient since u see evrything in a single page.
    regards
    sham'm

  • Difference between Admin Groups and Analytics Web Groups

    Hi All,
    Can anyone tell me what is the difference between the user Groups we can define in Siebel Analytic Administration Tools -RPD and Siebel Analytics Web Groups?
    Also what is the relationships between them? In my environment I'm getting sharp difference between these groups.
    Thanks for reading.
    Sudipta

    Hi Sudipta,
    Please find the below link,
    Security in OBIEE
    Thanks,
    Vino

  • Accounting the differences between the group and statutory record

    Hi guys,
    In our set up, the group reporting requires the book to be closed within 10 days from the year end. However, due to various tax reasons, the stutory books can be kept open till 25th.
    For example, there could be a credit note to be accounted between 10th and 25th which should appear in the statutory books as part of current year. But in  Group reporting it should consider as the transaction for next year.
    We have considered 2 options:
    a) Do an adjustment transaction using Gl accounts with differnet range and exclude these accounts from group reporting. next year, reverse these transaction and account using normal GL accounts.
    b) Account the adjustment transactions in a special period. In Group reporting, exclude these spacial transactions. However, the group reporting should include the special period from the previous year.
    c) Use special purpose ledger. Account the transactions in special period and consider changing the period in the mapping rule (yet to prove).
    Can anbody think about any other options?
    many thanks
    AMA

    Commitment limit is not related to order value.
    As per help file:
    A warning message appears if <the customer's account balance>+ <the total amount in undeposited checks> + <the amount of the current document> exceeds the customer's commitment limit.

  • Account groups and Recon Account

    Dear Experts,
    I use SAP R/3 4.6 C.
    I've  type account : Thirds Party , Affiliates and Subsidiary, and each account have Recon. Account : Thirds Party Recon Account , Affiliates Recon. Account and Subsidiary Recon Account.
    I need information about Customer : Account Assignment Groups (OVK8) and Recon. account (XD03).
    Are there any connection between above t-code in SD and FI ?
    Thanks,
    Iwan Siahaan

    Hi Expert,
    We need to create the Reconciliation Accounts for Customers, according to the Customer Account Groups.
    If Customer is Created with the following Account Groups - Thirds Party , Affiliates and Subsidiary then we need to Create the Reconciliation Accounts - Sundry Debtors - Thirds Party Account, Sundry Debtors - Affiliates Account and Sundry Debtors - Subsidiary Account.
    FI and SD Integration is done in T-Code: VKOA and in T-Code: OB40(Taxes Account Determination)
    T-Code: OVK8 is just for creation of Account Assignment Groups for Customers.
    Account Determination at the time of Post Goods Issue - T-Code: OBYC - GBB (Transaction) - VAX - Valuation Class (Finished Product) - COGS Account - No Cost Element (If there is no production Activity)
    Regards,
    GK
    SAP
    Edited by: GopiKrishna.Y on Feb 3, 2012 4:28 AM

  • Difference between material group and external material group

    Hi,
    Can anybody let me know the difference between the material group and external materila group from the business perspective.
    Thanks

    Hi Raghunandan,
    Material Group : Materials having similar attributes will be goruped together and assigned to a Material Group.
    Material groups are Extensively useful during :
    Limit the Scope of Analysis
    Reporting Purpose
    External material group : Key that you can use to assign the material to an external material group or to a material group determined according to external systematics.
    In General, External material groups are nothing but external representation of group of material  which are extensively used in supply souce determination for provions materials related to retail and some other functions
    In short if your Internal material group for example bearing is 0001 you can group externally further based on manufacturer like FAG for NRB. No accounting activity is based on it
    Reg,
    Ashok

  • Vendor Account group and recon account

    Hi,
       I have 2 vendor account groups:
    1) ZLOC- For domestic vendors
    2) ZIMP- For Import Vendors.
    My requirement is when I am creating the vendor master, the recon account meant for local vendors should automatically get selected and for import vendors recon meant for import vendor should be selected.
    this is required to avoid entry errors by users. currently they are selecting by drop down and made mistakes.
    Regards

    Hi,
    In std SAP, I don't think it is possible.
    We have to maintain it manually.
    It's not a day to day activity so very few chances of mistake by user.
    Regards,
    Piyush

  • Difference between MRP group and plant parameters

    hai friends,
    please let me know, what is the main difference between the MRP group and plant parameters?,
    what are the extra activities or features with one, when compare to the other?.
    Edited by: Mourya.v on Sep 22, 2010 6:36 AM

    Dear Mourya,
    Why to assign MRP group? - If planning for each plant is not specific enough for your purposes and you would like to assign
    control parameters that differ from the control parameters defined for the plant to certain material groups.
    1.For all materials without an MRP group, the system uses the plant parameters that is the settings present in OPPQ, or the
    entries in the initial screen of the planning run.
    2.For all materials with an MRP group, the system uses the parameters recorded in the MRP group that is the settings in OPPR.
    3.The MRP group is an organizational object that can be used to allocate special control parameters for planning to a group of
    materials. You can maintain MRP groups if planning control per plant is not precise enough for your requirements and you want
    to allocate certain material groups different control parameters from the plant parameters. For this purpose, MRP groups are
    defined with these specific control parameters and are assigned to the material in the material master record (MRP 1 screen).
    4.The MRP group, groups material from the material requirements planning point of view to allocate them control parameters for
    planning.The control parameters include the strategy group, the planning horizon and the creation indicator for the planning run.
    Also check this link [Settings in OPPQ & OPPR|oppr and oppq]
    Regards
    Mangalraj.S

Maybe you are looking for