What is the GL account table in SAP?

What is the GL account table in SAP?

A GL Account table in SAP is a database table that stores GL master data. SAP stores the GL Master data in database tables at Chart of Accounts (CoA) and Company Code level. You can find the GL Account master data in table SKA1 (CoA level) and SKB1 (Company Code level).

What is SAP general ledger?

General Ledger (G/L) accounts are used to provide a picture of external accounting and accounts and to record all the business transactions in a SAP system. This software system is fully integrated with all the other operational areas of a company and ensures that the accounting data is always complete and accurate.

How do I find the general ledger in SAP?

With the default setting, the general ledger view appears. If you are in the entry view, choose the General Ledger View pushbutton . The system records which view you last used to display the list. The next time you execute the transaction, this view appears as the default view.

How do I see GL list in SAP?

The SAP GL Account Tables for Master Data are SK* Tables….SAP GL Account Master Data Tables.

SAP GL Account Tables	DESCRIPTION
SKA1	G/L Accounts (Chart of Accounts)
SKAT	G/L Accounts (Chart of Accounts: Description)
SKB1	G/L Accounts (Company Code)

What is GL table?

Below are Common Oracle Apps GL Tables. GL_SETS_OF_BOOKS. Stores information about the sets of books you define in your Oracle General Ledger application. Each row includes the set of books name, description, functional currency, and other information. This table corresponds to the Set of Books form.

How do I create a general ledger account in SAP?

Create a New GL Account

1. Navigate to Accounting Home and under General Ledger Setup, click General Ledger Accounts.
2. On the GL Accounts page, click New.
3. On the New GL Account screen, enter a Name, Type, Sub Type 1, Sub Type 2, and Expense Report information.
4. Click Save.

What is the difference between a ledger and a general ledger?

The ledger is an extension of the journal where journal entries are marked by the company and its general ledger account based on which of the financial statements the company has prepared.

What is a general ledger used for?

In accounting, a general ledger is used to record all of a company’s transactions. Within a general ledger, transactional data is organized into assets, liabilities, revenues, expenses, and owner’s equity. After each sub-ledger has been closed out, the accountant prepares the trial balance.

What is GL balance in SAP?

With this transactional app, you can check and compare the balances, and the credit and debit amounts of a ledger in a company code for each period of a fiscal year. You can restrict the data to a single general ledger account, or use other selection criteria (for example, profit center).

How do I maintain my GL account?

To maintain the G/L account description, proceed as follows:

1. Rune transaction FS00 .
2. Enter the company code and the G/L account number for which you want to create or change the description and choose Change .
3. Choose the Time-Dependent Attributes pushbutton.

How do you create a general ledger in SAP?

Overview

1. Navigate to Accounting Home and under General Ledger Setup, click General Ledger Accounts.
2. On the GL Accounts page, click New.
3. On the New GL Account screen, enter a Name, Type, Sub Type 1, Sub Type 2, and Expense Report information.
4. Click Save.

What are the types of GL accounts in SAP?

G/L accounts are classified into the following types:

• Balance Sheet Account. Account that is posted from business transactions.
• Nonoperating Expense or Income.
• Primary Costs or Revenue.
• Secondary Costs.

What is general ledger planning in SAP?

An SAP general ledger account is an account that is updated each time a user posts a financial transaction in SAP system. These accounts are used to come up with financial statements for internal and external reporting. In SAP, a general ledger account is identified with a number having from 1 to 10 digits.

What is new general ledger accounting in SAP?

New General Ledger Accounting in SAP. General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles.

What is a General Ledger (GL)?

General ledger. The general ledger is the backbone of any accounting system which holds financial and non-financial data for an organization. The collection of all accounts is known as the general ledger. Each account is known as a ledger account. In a manual or non-computerized system this may be a large book.

What is an expense ledger?

An expense ledger is a document used by bookkeepers and accountants to detail expenses incurred by an entity or individual. In many countries, businesses are required by law to maintain expense ledgers so that the government can prevent and detect illegal activities such as money laundering or corporate embezzlement.