| accounting system (FI) |
Basis for customizing business management within the accounting components (Accounting Engine, General Ledger, Financial Inventory Ledger).
Accounting systems define separate methods for displaying actual business transactions. They can apply different accounting principles (such as IAS, US GAAP, or the German Commercial Code). Each accounting system produces its own type of document.
Postings can be made to several accounting systems at the same time. This means that a business transaction can produce a different accounting document simultaneously in each of the accounting systems.
The chart of accounts and the fiscal year variants are based on the particular accounting system.