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/ORS/GL_TITLE is a standard SAP Table which is used to store GL Coding field title data and is available within R/3 SAP systems depending on the version and release level.
Important list of General Ledger (G/L) accounts tables that every FI & end user should know when working on general ledger accounting. The General Ledger in SAP is the main ledger of the SAP FICO module.
After completing this lesson, you will be able to explain G/L account settings on chart of accounts level, company code level, and controlling area level. Kevin wants to learn about other important fields that are maintained on the different views of a G/L Account.
During G/L Account creation entries in automatic account determination tables (e.g. T030) are checked. System will raise an error if an entry is found in any of the account determination tables with G/L account -> CStLG flag is not allowed to be set.
We will now focus on the first business process step within Record-to-Report processing: Manage G/L Accounting. Please have a look at the interaction below, to learn more about the current process step:
GL Accounting Configuration Steps:- Step 1:- Define Chart of Accounts. Step-2 :-Assign Company Code to Chart of Accounts. Step 3 :- Define Account Groups. Step 4:- Define Retained Earnings Account. Step 5:- Creation of GL Master Records. Step 6:- Define Tolerance Group for GL Account.
After completing this lesson, you will be able to define a G/L account. Each G/L is set up according to a chart of accounts. The chart of accounts contains the definitions of all G/L accounts.
Learn about foundational concepts of local closing in the final chapter of this learning journey. This self-paced learning journey is designed to give you an overview on all necessary concepts of the record to report process in SAP S/4HANA Financial Accounting module.
First we examine the purpose of chart of accounts. Afterwards we will have a closer look, how a G/L master record is structured. We will also describe the function of the G/L account type in the G/L master record. Finally we will also take a look at object like profit centers and segments.
With the Manage Operating G/L Accounts app, you can perform actions to master data of operating G/L accounts depending on your role and the system that you access. The Manage Operating G/L Accounts app is the new cloud-only solution for your general ledger accounting.