General Ledger Accounting 


The main task of G/L accounting is the overall presentation of Financial Accounting. The general ledger is the complete record of all business transactions, and thus represents the main and current element in the rendering of accounts.

This scenario describes the process by which you define the G/L accounts and plan your general ledger. It also describes the postings you make in the general ledger.


Process Flow

Master data

You can maintain the G/L accounts in different ways:

When defining the accounts, you must always specify whether the account is a balance sheet or profit and loss account.


In the General Ledger (FI-GL) application component, you plan by company code. Within a company code, you can plan by accounts, or by a combination of account and business area. You enter the planned values using a financial statement version and the plan version number. You can plan at both financial statement item and account level.

Posting in the General Ledger

You can use the SAP System to make the following posting transactions in the General Ledger:

Account clearing

You can use this function manually or via the clearing program to clear debit and credit amounts that balance to zero (such as invoices and payments that you have already entered).

Interest calculation on accounts

You can calculate interest either on the account balance or on the arrears when calculating interest for a vendor account.

General Ledger account analysis

G/L account analysis includes:

Closing operations

The SAP System supports the following closing operations for creating financial statements: