"Keeping the books" is a phrase that refers to maintaining the general ledger. However, maintaining the general ledger by using double entry isn't a convenient choice at that moment.
The general ledger is an essential component of any accounting system. It's even more critical in an enterprise resource planning system like SAP, where data from multiple process modules are combined into a single database.
An SAP general ledger facilitates the recording of various types of transactions. Posting transactions can include standard general ledger account postings, offset entries, foreign currency valuations, and recurring entries.
Key Takeaways -
1. Basics of GL Accounts in SAP
2. Various methods for navigating the GL Management menu.
3. Configuring the General Ledger Accounts in SAP
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