G/L Master Record in the Chart of Accounts (SAP Library - General Ledger Accounting (FI-GL))

G/L Master Record in the Chart of Accounts

Definition

G/L account master data in the chart of accounts area contains information about the G/L account that is valid for all company codes. The chart of accounts area also contains data that controls how a G/L account is created in the company code-specific area.

Use

To make certain that company codes using the same chart of accounts can also use the same G/L accounts, a master record is created for the G/L account in the chart of accounts and in the company code-specific areas.

Structure

The following information is contained in the chart of accounts area of a G/L account master record.

The chart of accounts

The account number and account name (short and long text)

The indicator that specifies whether the account is a balance sheet account or an P&L statement account.

At the start of a new fiscal year, the balance of a balance sheet account is carried forward to itself. With P&L statement accounts, you must specify the account to which the profit or loss is carried forward at the end of a fiscal year.

The account group

With the account group, you group similar accounts together and control the creating and changing of master records. They control

The account number interval in which the account number must lie.
The screen layout for creating G/L accounts in the company code-specific area. This means that you can define whether fields require an entry, may have an entry, or are hidden when creating or changing a master record in the company code-specific area.

You defined the account groups prior to creating G/L accounts. For more information, read Account Group

Entries which are necessary for consolidation are trading partner and group account number.