10/13/23, 4:50 PM General Ledger Accounting | SAP Help Portal

General Ledger Accounting

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Purpose

Integration

Features

General Ledger Accounting provides you with a comprehensive view of your external accounting
and the accounts involved in it.

Purpose
In General Ledger Accounting, your business transactions (primary postings as well as postings
from internal accounting) are recorded in a way that is fully integrated with the other operational
areas of your company to ensure that your accounting data is complete and accurate.

For an overview of what is going on in your General Ledger Accounting, use the General Ledger
Overview app. For more information about this app, see General Ledger Overview.

In addition to helping you fulfill legal requirements, General Ledger Accounting allows you to do the
following:

Parallel Accounting

In General Ledger Accounting, you can perform parallel accounting by running parallel ledgers
for selected accounting principles, for example, IFRS (International Financial Reporting
Standards) and local GAAP.

Integration of Legal and Management Reporting

In General Ledger Accounting, you can perform internal management reporting in parallel with
legal reporting. For this purpose, the Profit Center Accounting functions are integrated with
General Ledger Accounting. Furthermore, you can generate financial statements for a
dimension, such as profit center.

Segment Reporting

General Ledger Accounting supports the segment reports required by the IFRS accounting
principles . For this purpose, General Ledger Accounting contains the Segment dimension.

Cost of Sales Accounting

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10/13/23, 4:50 PM General Ledger Accounting | SAP Help Portal

You can perform cost of sales accounting in General Ledger Accounting. For this purpose,
General Ledger Accounting contains the Functional Area dimension.

Integration
General Ledger Accounting is integrated with the application components in your system that
generate relevant journal entries and posting data:

Asset Accounting

Accounts Receivable and Accounts Payable

Management Accounting and Margin Analysis

Sourcing and Procurement

Treasury and Risk Management (TRM)

Features
General Ledger Accounting comprises the following functions for entering and evaluating posting
data:

Free choice of level: corporate group or company

Automatic and simultaneous posting of all subledger items in General Ledger Accounting
(reconciliation accounts)

Simultaneous updates of the parallel general ledgers and of the cost accounting areas

Real-time evaluation of and reporting on current posting data, for example, as account displays
or financial statements with different balance sheet versions.

In this way, General Ledger Accounting automatically serves as a complete record of all your
business transactions. It is the centralized, up-to-date reference for the rendering of accounts.
Individual transactions can be checked at any time in real time by displaying the original
documents, line items, and monthly debits and credits at various levels such as:

Account information

Journals

Totals or transaction figures

Balance sheet and profit and loss evaluations

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