SAP

Financial Accounting – General Topics

Purpose

The Financial Accounting application component comprises the following sub-components:

• General Ledger (FI-GL)
• Accounts Payable (FI-AP)
• Accounts Receivable (FI-AR)
• Bank Accounting (FI-BL)
• Asset Accounting (FI-AA)
• Funds Management (FI-FM)
• Travel Management (FI-TV)
• Special Purpose Ledger (FI-SL)

Master Data in General Ledger Accounting

General ledger accounts are master data that is used in day to day transaction processing in various modules of the SAP ERP system.

The general ledger contains a record of all relevant accounting transactions from a business point of view in the G/L accounts. In order to keep a clear overview, the general ledger often only contains collective postings. In such cases, the information posted is displayed in more detail in the subsidiary ledgers, which provide their information to the general ledger in summarized form.

• Accounts Payable records all accounting transactions for dealings with suppliers. Much of its data is obtained from procurement (Materials
Management).
• Accounts Receivable records all accounting transactions for dealings with customers. Much of its data is obtained from Sales and Distribution.
• Asset Accounting records all accounting transactions relating to the management of assets.
• Travel Management manages and calculates travel costs and supports travel planning and travel expenses
• Bank ledger supports the posting of cash flows.
• All G/L account postings that post to business expense accounts automatically send the expenses as costs to Controlling. The balances of G/L accounts are used to calculate financial statements.