The Basic Principles of Special G/L Transactions
Special G/L transactions are special transactions in accounts receivable and accounts payable that are displayed separately in the general ledger and the subledger. This is achieved by posting to alternative reconciliation accounts, instead of posting to the reconciliation accounts for receivables and payables.
The following special G/L transactions are available:
These special procedures are displayed separately from other receivables and payables on the balance sheet either for legal reasons, such as with down payments, or for control reasons, such as with guarantees received. A separate special G/L account is created for each special G/L transaction. As a result, it is possible to display each transaction in the balance sheet without having to carry out any transfer postings and to receive an overview via the account limited to this procedure only.