Overview Special G/L Transactions in SAP
Special G/L transactions are special transactions in accounts receivable (FI-AR) and accounts payable (FI-AP) that are displayed separately in the general ledger and the subledger. This may be necessary for reporting or for internal reasons.
For example, down payments must not be balanced with receivables and payables for goods and services. Consequently, they are treated as special G/L transactions in the General Ledger (FI-GL), Accounts Payable (FI-AP) and Accounts Receivable (FI-AR) application components.
Special G/L transactions are already available in the standard SAP system. However, Special G/L transactions can be changed its own specifications or define your own special G/L transactions.
Viewed 22783 times by 4943 viewers
Reconciliation Accounts and Special G/L Indicator
Most SAP users should have some question..
What is the reconciliation account and special general ledger indicator in SAP Financial Accounting?
Let see more detail in this article.
Firstly, you need to understand the meaning of general ledger. The general ledger is a list of account balances for a specific company. It is used to support legal financial statements and other statutory reports (see more at General Ledger)
All accounting transactions to a company are recorded in general ledger. The transactions could be incurred from other modules. For example, posting of goods receipt (MIGO) performed by purchaing personnel (MM module) have already a financial impact. It increases the inventory balance and increases the GR/IR clearing account in General Ledger.
Viewed 5772 times by 2584 viewers
Join SAP Community:
mySAP ERP | SAP Business | SAP Tutorial | SAP Help
SAP Production Planning Powered By:
