Finance & Controlling
What is General Ledger (GL)?
The complete record of all financial transactions of a company, organized by GL account.
In SAP, FI-GL holds the account balances used for financial statements. S/4HANA uses New GL concepts natively: ledgers, document splitting, and segment reporting. Reconciliation of GL balances is a core data migration and cutover test.
Related transaction codes
Related terms
G/L Account
An account in the chart of accounts used to record balances and postings for a specific purpose in the ledger.
Universal Journal
The single S/4HANA line-item table (ACDOCA) that stores General Ledger, controlling, asset, and material-ledger postings together.
Leading Ledger
The main SAP ledger, usually 0L, that reflects the group accounting principle and integrates with controlling.
Document Splitting
A General Ledger function that splits line items by characteristics such as profit center or segment to produce balanced statements per dimension.
Chart of Accounts
The list of GL accounts available to one or more company codes, defining account numbers and descriptions.
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