What is reconciliation posting in SAP CO - Controlling?

SAP Term: reconciliation posting

• Component: CO

• Component Name: Controlling

• Description: A posting that generates adjustment items in Financial Accounting FI whenever the following postings are made in the component: Cross-company postings Cross-business area postings Cross-functional area postings Reconciliation postings are necessary because the above postings in can affect profit and loss statements when costs are capitalized.

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• Key Concepts: 
  Reconciliation posting is a process in SAP Controlling (CO) that allows users to compare and adjust the differences between two accounts. This process is used to ensure that the data in both accounts is accurate and up-to-date. The reconciliation posting process can be used to compare and adjust the differences between two accounts, such as a balance sheet account and a profit and loss account. 
  
  How to use it: 
  To use reconciliation posting in SAP Controlling, users must first create a reconciliation document. This document contains the details of the two accounts that are being compared and adjusted. Once the document is created, users can enter the differences between the two accounts into the reconciliation document. The differences can then be adjusted by entering the appropriate amounts into the reconciliation document. 
  
  Tips & Tricks: 
  When using reconciliation posting in SAP Controlling, it is important to ensure that all of the data entered into the reconciliation document is accurate. This will help to ensure that the differences between the two accounts are accurately adjusted. Additionally, it is important to review all of the data entered into the reconciliation document before it is posted. This will help to ensure that all of the adjustments are correct and that no errors have been made. 
  
  Related Information: 
  For more information about reconciliation posting in SAP Controlling, please refer to SAP's official documentation on this topic. Additionally, there are many online resources available that provide detailed instructions on how to use this process in SAP Controlling.