Customer Master Record in SD

[Arthur Wang]

A customer master record in SD is also an A/R (accounts receivables) in FI.
When you create a customer master record you also have to specify the reconciliation account.
For what is the reconciliation account used?

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Account in G/L accounting, to which automatic entries are posted during a business activity. It is generally the case that several subledger accounts post to a common reconciliation account.

This ensures that the developments in the subledger accounts are accurately reflected in the general ledger (i.e. in line with balance sheet conventions).

You can set up a reconciliation account for, say, all overseas customers.

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