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 General Ledger Accounting

Purpose

This component enables the periodic update of the general ledger with postings from Contract Accounts Receivable and Payable .

Features

The transaction figures are not automatically updated in the general ledger during posting in Contract Accounts Receivable and Payable . Instead, the data is summarized and recorded periodically in the general ledger to improve system performance and to limit the volume of documents in the general ledger.

The system groups the documents from Contract Accounts Receivable and Payable (FI-CA) automatically and records posting totals for each group. You have to transfer these totals to the postings in the general ledger later. Each group is uniquely identified by a reconciliation key. If no further postings are to be added to a group, the reconciliation key for the group must be closed. No further postings are possible under a closed posting key and you can transfer the posting totals recorded under this key to general ledger accounting.

There are posting programs and reconciliation programs available for transferring data to the general ledger. The prerequisite for these programs is that you run General Ledger Accounting (FI-GL) and Contract Accounts Receivable and Payable (FI-CA) in the same system. If you run General Ledger Accounting in a separate system, in the system in which you run FI-CA, you have to configure the component General Ledger Accounting (FI-GL) such that a data transfer from FI-CA is possible. You can then transfer the data to the central general ledger using ALE methods of the component General Ledger Accounting (FI-GL).