General Ledger Based on American Hospital Association Chart of Accounts

The central task of G/L accounting is to provide a comprehensive picture of external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate.

The SAP FI General Ledger Accountant has the following features:

  • Based on the AHA Chart of Accounts
  • Free choice of level: corporate group or company
  • Automatic and simultaneous posting of all sub-ledger items in the appropriate General Ledger Accountant accounts (reconciliation accounts)
  • Simultaneous updating of General Ledger Accountant and cost accounting areas
  • Real-time evaluation of and reporting on current accounting data, in the form of account displays, financial statements with different financial statement versions and additional analyses.

Essentially, the General Ledger Accountant serves as a complete record of all business transactions. It is the centralized, up-to-date reference for the rendering of accounts. Actual individual transactions can be checked at any time in real-time processing by displaying the original documents, line items, and transaction figures at various levels such as:

  • Account information
  • Journals
  • Totals/transaction figures
  • Balance sheet/profit and loss evaluations

Process Flow

This scenario consists of the following steps:

  • Posting General Ledger Account Documents
  • Displaying the Document Journal
  • Displaying G/L Balances (List)
  • Carrying Out Recurring Entries
  • Account Maintenance: Automatic and Manual Clearing

Key Points

  • Provides a comprehensive picture of external accounting and accounts
  • Records all business transactions in a software system that is fully integrated
  • Ensures that the accounting data is always complete and accurate
  • Automatic and simultaneous posting of all sub-ledger items in the appropriate general ledger accounts (reconciliation accounts)
  • Simultaneous updating of general ledger and cost accounting areas
  • Real-time evaluation of and reporting on current accounting data
  • Financial statements with different versions and additional analyses
  • Actual individual transactions can be checked at any time in real-time processing
 
 
Business Details
Scenario Overview
Business Process Documentation
Process Flow