Commercial accounting consists of a general ledger and several sub-ledgers. A general ledger represents the record keeping system for a company’s financial data It provides a record of financial transactions during the life of an operating company. The general ledger holds account information that is needed to prepare the company’s financial statements. The components of the general ledger are:
- Income statement
- Accounts (also individual accounts)
- Account sheets
- Land register/journal
The general ledger is referred to as general financial accounting (FiBu).
In the SAP system, sub-ledgers are managed directly in the program and are linked to the general ledger. The respective balance is automatically.« Zurück