The Special Purpose Ledger (FI-SL) is a receiver system in which you can enter data created in other SAP applications. It is not a sender system for other SAP applications.

What is general ledger and special ledger?

General Ledger, to be considered the base of the accounting system. It contains the amounts for a specific company in a operating year. Special Ledger, as the name suggests, a specialized version of the General Ledger.

What is ledger and example?

A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.

What is general ledger in banking?

A general ledger, or GL, is a means for keeping record of a company’s total financial accounts. Accounts typically recorded in a general ledger include: assets, liabilities, equity, expenses, and income or revenue. Periodically, all transactions made within a company are posted to the general ledger.

What is the leading ledger in SAP?

The leading ledger contains the complete set of document items in table ACDOCA. In each company code, the leading ledger receives exactly the same settings that apply to that company code: the currencies, the fiscal year variant, and the variant of the posting periods.

What is difference between ledger and general ledger?

The ledger is an extension of the journal where journal entries are marked by the company and its general ledger account based on which of the financial statements the company has prepared. In the journal, the entry is recorded as per the date of the transaction, but in the ledger, the entry is recorded account wise.

What does special ledger mean in general ledger?

Special General Ledger Transactions – Multi- step transactions, which for reporting purposes, the system will post to a G/L Reconciliation Account other than that defined in the Customer or Vendor master record for which the transaction is being processed.

How does the special purpose ledger work in SAP?

Most of the financial activities updating general ledger accounts will be posted to the special purpose ledger simultaneously as transactions are processed. It uses the split processor functionality to create entries to balance transactions among funds. The SPL shares the same GL accounts as FI.

Where do special ledger transactions go on the balance sheet?

Special General Ledger Transactions are transactions that logically belong to accounts in the sub-ledger (Customer / Vendor) but are not to be posted to the corresponding G/L Reconciliation Account defined in the master record. Instead alternate G/L Reconciliation Accounts allow these transactions to be reported separately on the Balance Sheet.

What are the different types of general ledger transactions?

Special General Ledger Transactions can be grouped into 3 basic categories. Bill of Exchange Related : Bill of Exchange processing is used to handle country specific requirements. R/3 provides special reconfigured programs and screens that use the Special G/L Transaction Functionality to meet these requirements.