What is adjustment account in SAP (CO - Controlling)?

SAP Term: adjustment account

• Component: CO

• Component Name: Controlling

• Description: A profit and loss account that collects the reconciliation postings between the and Financial Accounting FI components in the reconciliation ledger. You can create these accounts with any amount of detail to display in FI the postings made across company code or business area boundaries, according to: Debit or credit transaction Object class

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• Key Concepts: 
  An adjustment account is a type of account used in SAP Controlling (CO) to record the difference between the planned and actual costs of a project. It is used to adjust the cost of a project to reflect the actual costs incurred. The adjustment account is used to ensure that the financial statements accurately reflect the actual costs of a project. 
  
  How to use it: 
  The adjustment account is used to record the difference between the planned and actual costs of a project. The adjustment account can be used to adjust the cost of a project to reflect the actual costs incurred. The adjustment account can be used to ensure that the financial statements accurately reflect the actual costs of a project. 
  
  Tips & Tricks: 
  When using an adjustment account, it is important to ensure that all transactions are properly recorded and accounted for. It is also important to ensure that all adjustments are properly documented and approved by management. 
  
  Related Information: 
  The adjustment account is related to other accounts in SAP Controlling, such as cost centers, internal orders, and profit centers. It is also related to other financial accounts, such as accounts receivable and accounts payable.