WebLet's now take a look at a four step approach for an accounts receivable reconciliation and an accounts payable reconciliation. Step 1: Compare G/L balance to the sub-ledger … Web18 May 2024 · Within the SAP Finance community it is common knowledge that the fixed asset solution operates on a subledger-to-ledger relationship with the General Ledger. Another item that is equally well known is that this relationship is held in place by a special type of GL account called a Reconciliation Account.
New SAP S/4HANA-Based Subledger Solution for …
Web10 Mar 2024 · The key difference between general ledger and sub ledger is that while general ledger is the set of master accounts where transactions are recorded, sub ledger is an intermediary set of accounts that are linked … WebSAP FI – Chart of Accounts. The FI chart of accounts represents the list of GL accounts that are used to meet the daily needs and the operating country’s legal requirement in a company. The master chart of accounts … how to know if a reaction is fast or slow
SAP FICO Tutorial – SAP FI & SAP CO Training Tutorials
Web7 Feb 2024 · Bank Accounting in SAP is a sub-application within SAP Financial Accounting ( FICO or S/4HANA Finance ). It deals with managing accounting transactions with your banks. Further, it helps you to manage both incoming and outgoing payments for effective cash-balance management. WebThe General Ledger (G/L) is the core of Financial Accounting. All accounting-relevant business transactions are posted to G/L accounts. G/L accounts are managed using a … Web5 Jun 2024 · An SAP general ledger account is an account that is updated each time a user posts a financial transaction in SAP system. These accounts are used to come up with … how to know if a reaction is neutralization