Contract accounting is a subledger that originates from various upstream applications such as convergent invoicing. Instead of individually posting of each subledger document, totals records are transferred to the general ledger. This summarization technique greatly reduces the volume of postings in the general ledger and results in a tremendous performance advantage.
The totals records is the transfer unit for summarized subledger documents. The grouping criteria are company code, posting date, general ledger account, tax and currency.
The reconciliation key lists the totals records to be transferred to the general ledger.
The reconciliation key is automatically determined in the case of mass postings:
- In lot processing (payment lot, returns lot), the reconciliation key is the key of the lot.
- In mass runs (payment, dunning, interest), the reconciliation key is YYDDD<Run ID>.
The reconciliation key is manually entered in the case of single postings.
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