Scribd
Upload
26 views3 pages

SAP FICO General Ledger Overview

The General Ledger (G/L) in SAP is the primary repository for all financial transactions, essential for both internal and external reporting. Key features include integration with sub-ledgers, real-time postings, and support for parallel accounting and document splitting. The document also outlines G/L master data components, transaction posting methods, important T-codes, and account group controls.

Uploaded by

Vahin V
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
26 views3 pages

SAP FICO General Ledger Overview

The General Ledger (G/L) in SAP is the primary repository for all financial transactions, essential for both internal and external reporting. Key features include integration with sub-ledgers, real-time postings, and support for parallel accounting and document splitting. The document also outlines G/L master data components, transaction posting methods, important T-codes, and account group controls.

Uploaded by

Vahin V
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SAP FICO – General Ledger (GL) Overview

What is the General Ledger (G/L)?

The General Ledger is the central repository of all financial transactions in SAP. It provides a
complete record of financial accounting data, supporting both internal and external
reporting requirements.

Key Features of General Ledger Accounting

• Integrated with sub-ledgers (AP, AR, Asset Accounting, etc.)

• Supports parallel accounting via Ledger Approach (Leading & Non-Leading Ledgers)

• Real-time posting from various modules (MM, SD, HR)

• Tracks profit centers, cost centers, and segments for reporting

• Supports Document Splitting for detailed financial analysis

Components of G/L Master Data

1. Chart of Accounts (COA)


– A list of all G/L accounts used by an organization.
– Types:

o Operating COA (day-to-day)

o Group COA (consolidation)

o Country-specific COA (statutory reporting)

2. G/L Account Master Record

o Company Code Segment (e.g., tax category, account group)

o Chart of Accounts Segment (e.g., account type: balance sheet or P&L)

G/L Transactions and Posting

• Transactions are entered using T-codes like FB50, FB01, or F-02

• Each posting includes:

o Document type (e.g., SA for G/L)

o Posting key (debit/credit)


o G/L account number

o Amount

o Cost center/profit center

o Text/reference fields

Document Posting Example (FB50)

Field Example

G/L Account 400000 (Revenue)

Debit/Credit Credit

Amount ₹50,000

Cost Center 1001

Profit Center 2001

Reporting from G/L

• FBL3N – Line Item Display

• FS10N – Balance Display

• S_ALR_87012301 – G/L Account Balances

• FAGLB03 – Display G/L Account Balances (New G/L)

Important SAP T-Codes for G/L

T-Code Description

FS00 Create/Change G/L Master Data

F-02 General Posting

FB50 G/L Account Posting

FBL3N G/L Account Line Item Display

FAGLB03 G/L Account Balance Display (New G/L)


G/L Account Groups and Number Ranges

• Account Groups control:

o Number range

o Field status

• Common ranges:

o 100000–199999 → Asset Accounts

o 200000–299999 → Liability Accounts

o 300000–399999 → Equity

o 400000–499999 → Revenue

o 500000–599999 → Expenses

You might also like