Control Account Concept

[Former Member]

Hi All ,

What is the meaning of Control Account and its Purpose ?

Any Help !

Thanks in Advance

Gangadhar

[Former Member · Accepted solution]

HI Gangadhar ,

This Type of Account in SAP , is to maintain multiple Account in a Single Account called as Control Account.

To maintain the Entire Transaction as well as the peer level transaction .

SAP allow to defines account as a control account. The control accounts are linked to business partners and reflect their activities in the financial reports. Only accounts defined in the Assets and Liabilities drawers can be defined as control accounts. Control accounts appear in the chart of accounts in green.

Hope it helps

Thanks

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Ashish

[Former Member · Accepted solution]

Hello

Thanks to all

Regards

Gangadhar

[former_member206488]

check

Thanks,

Neetu