SAP Finance General Ledger
SAP general ledger guidance for accounts, ledgers, currencies, posting controls and the Universal Journal.
What this hub covers
General ledger accounting is the financial core where operational postings are classified, balanced and reported. In SAP S/4HANA, the Universal Journal brings financial and management dimensions into a common line-item model. These guides cover the structures, accounts, ledgers, currencies, document controls and integration decisions required for reliable postings and reporting.
Recommended foundations
The clearest entry points, ordered by practical usefulness.
FI/CO Commonly Used Transaction Codes
General Ledger CLOCO Closing cockpit CLOCOC Closing cockpit (templates & task lists) CLOCOS Closing cockpit (overview) F.13 Clear GL Account –...
Read guide →SAP Fiscal Year and Fiscal Year Variants
SAP Fiscal year Accounting year is called a fiscal year in SAP. A fiscal year can have periods the same as the calendar year or not.
Read guide →Currencies in SAP
To record any financial transaction currency is needed. Each country has an individual currency.
Read guide →SAP FI- Exchange Rates
SAP exchange rates are to be maintained to allow transactions in other than the company code currency or to book foreign currency transactions and...
Read guide →All guides in this topic
FI/CO Commonly Used Transaction Codes
General Ledger CLOCO Closing cockpit CLOCOC Closing cockpit (templates & task lists) CLOCOS Closing cockpit (overview) F.13 Clear GL Account –...
SAP Fiscal Year and Fiscal Year Variants
SAP Fiscal year Accounting year is called a fiscal year in SAP. A fiscal year can have periods the same as the calendar year or not.
Currencies in SAP
To record any financial transaction currency is needed. Each country has an individual currency.
SAP FI- Exchange Rates
SAP exchange rates are to be maintained to allow transactions in other than the company code currency or to book foreign currency transactions and...
SAP FI - Functional Area
Function Areas in finance accounting are used to define the expenses in a company according to individual function units.
SAP FI – Chart of Accounts
In SAP, general ledger (G/L) accounts are created for an organization at the SAP Chart of Accounts level.
SAP FI - G/L Account Segments
SAP chart of accounts contains a list of G/L accounts to record activities of an organisation.
SAP FI - Balance Sheet and P&L Statement Accounts
A general ledger (G/L) account is required to record business transactions of an organization.
SAP FI - Account Group of G/L Accounts
SAP account groups are used to maintain intervals, segregate G/L accounts groups, and define field statuses.
SAP FI - Field Status Variant
SAP field status variant is a combination of several field status groups.
SAP FI – Posting Keys
Posting Keys in SAP FI are used to determine Account types (A, D, K, M, and S) and also the type of posting. It is 2-digit numerical key.
SAP FI - Define Document Types
SAP FI document types are used to record various business transactions in SAP FI.
SAP FI - Number Ranges
You can assign one or more document types to number range. The number range is applicable to document type as mentioned in the document posting and...
SAP FI - Posting Periods
SAP FI posting periods are used to open and close periods of a financial year.
SAP FI - Posting Authorization
SAP ERP has an advanced system for managing authorizations of users. This system allows to configure what employees of a company have access to...
SAP Simple Finance - Universal Journal
A Universal Journal entry consists of a header and respective items and in some scenarios it is possible to have item entries without a header value.
SAP Simple Finance - Document Numbers
In Simple Finance, there is only one entry for all the components, there is only one document number sufficient. Each Journal entry has a header and...
SAP Simple Finance - Deployment Options
You can deploy a simple finance system either on-premise or in a cloud environment.
SAP Simple Finance - Post and Reverse Documents
In SAP Simple Finance system, you can post and reverse many simple FI documents.
SAP Simple Finance - G/L Coding Block
Following are the steps to extend G/L Coding Block − Step 1 − To extend G/L coding block, you have to navigate SPRO → IMG → Financial Accounting...
SAP Simple Finance - Architecture
SAP Simple Finance provides huge cost and time saving to manage finance and accounting by leveraging the computing power of SAP HANA.
SAP Simple Finance - Introduction
SAP Simple Finance provides an accounting solution powered by SAP HANA.
SAP CO: Periodic Reposting
Periodic reposting in SAP is one of the allocation methods and it is a month-end closing activity.
SAP CO: Adjustment Postings
Sometimes, it may happen that we input wrong cost center instead of the correct one.
SAP Simple Finance - Integrated Business Planning for Finance (IBPF)
Integrated Business Planning for Finance (IBPF) function in Simple Finance allows to perform financial planning to integrate with SAP ERP user...
SAP Simple Finance - Integrations
You can also integrate Simple Finance Integration with Cash Management, Cash Operations, Bank Account Management, and Liquidity Management.
SAP Simple Finance - Period Closing Program
Use Transaction code FAGL_EHP4_T001B_COFI or navigate as mentioned in Period Lock under FI. Enter Pstng period variant and click the Continue button.
SAP Simple Finance - Period Lock Transaction
In SAP Accounting CO relevant postings do not check only the CO Period Lock as in the past but the GL period opening/closing as well.
SAP Simple Finance - Profitability Analysis
With the use of Profitability Analysis , it provides the organizations with profitability related information on the performance of its sales...
SAP Simple Finance - Management Accounting
In Simple Finance, Management accounting deals with Controlling and Enterprise Controlling modules.
SAP Simple Finance - Default Account Assignment
You can create a default account assignment for any cost element using Transaction code OKB9.
SAP Simple Finance - Ledger Management
In SAP Simple Finance, you can use multiple ledgers in parallel. Ledgers are used to generate different financial statements as per accounting...
SAP Simple Finance - Create a Secondary Cost
In SAP Simple Finance, only primary cost elements have an associated G/L account.
SAP Simple Finance - Create a Primary Cost
You can create a Primary cost account in updated G/L account maintenance transaction.
SAP Simple Finance - G/L Accounting
In SAP Simple Finance, G/L accounting is used to ensure financial data and statements are correctly entered.
SAP Simple Finance - Manual Reposting of Costs
You can do manual posting of cost in SAP Simple Finance and display the results in the table. To do manual reposting, following are the steps.
SAP Simple Finance - Migration Activities
You can also migrate to the latest version of Simple Finance Add-On when you are running on a system - new G/L, classic G/L, or Simple Finance 1.0.
SP FI - Define and Activate Non-Leading Ledgers
To have a parallel accounting using multiple ledgers we have to use following configuration activity.
SAP FI - Define Intercompany Clearing Accounts
There cases where you have to do intercompany postings. This will happen in cases where one company is receiving the invoice, but it is applicable...
SAPFI - Define Ledger Group
In this transaction you are defining Leger Groups. They are necessary when you want to do postings.
SAP FI - Scenarios for General Ledger Accounting
In this transaction you could see the fields which will be updated based on the scenario which you will choose.
SAP FI - Assign Scenarios and Customer Fields to Ledgers
In this transaction you are able to assign scenarios and customer fields to ledgers which we should already have.
SAP FI - Define Currencies of Leading Ledger
You could define additional currencies for the leading ledger in New GL. This could be done by following transaction.
SAP FI - Define Ledgers for General Ledger Accounting
In the following transaction you are able to define additional ledgers which could be used for parallel accounting.
SAP FI - Activate New General Ledger Accounting
New General Ledger is functionality coming with SAP ERP 6.0 onward. It is an important rebuild from SAP which address many year-end closing issues as...
SAP FI - Document Change Rules, Line Item
Document Change Rules for Line Items will help you to control which field will be editable after posting.