What is the difference between clearing account and reconciliation account. Where we differ these accounts as clearing account or reconciliation account.
Only indirect posting can happen in recon account, whereas clearing account two types of posting can be done AUTOMATIC POSTING & POST WITH CLEARING, this is the difference between both of them.
Hi thanks for your reply. But how can we differ these accounts in SAP. Means what are the parameters we give while creating these two accounts (Ex: Acct group, recon account type, open items check box, field status group etc...)
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