I understand this feature replaces the ABST2 functionality which was there in ECC for reconciling Asset balances with balances in Asset recon GLs. But I could not understand why do we need a reconciliation activity in the first place, since any transaction posted to the sub-ledger will automatically flow to the recon GL based on Account determination in AO90. Request your help on this....Thanks
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Technical clearing account has not replaced ABST2. both are 2 different 2 things. ABST2 is removed because by design assets and GL are getting reconciled, so need to run separately for reconciliation, this is same as your understanding.
On Technical clearing account- As you know now asset account postings are specific to accounting principle specific. now while acquiring an asset system ensures with the help of technical clearing account, the balance between ALL accounting principles for asset postings and vendor postings are zero. we can't post any manual postings to technical clearing account too. this prevents any additional entries by users