Please can somebody help me understand the significance of "Technical clearing account" in New Asset accounting.
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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Well written! Thank you 😊