G/L Account Master Records

Business transactions are posted to accounts and are managed via accounts. You must create a master record for each account you need. It contains information that controls the entry of business transactions in an account and the processing of data.

The G/L accounts record the business transactions in totals form. In the standard system, all business transactions that are posted to G/L accounts are updated in the general ledger. Additionally, you can define further ledgers which are also posted to. For this, you must use the Special Purpose Ledger system. Information on additional ledgers can be found in FI-SL Special Purpose Ledger.

The following sections contain basic information on G/L account master data as well as explanations of the settings that you make in Customizing. More detailed information on how to make these settings can be found in the General Ledger Accounting Implementation Guide. You can also find out how to create, display, change, delete, or lock general ledger master data.