What is G/L-only ledger in SAP AC - Accounting - General?

SAP Term: G/L-only ledger

• Component: AC

• Component Name: Accounting - General

• Description: A ledger that is used in general ledger accounting only and is not visible to the accounting subledgers. In the G/L-only ledger, no direct accounting subledger processes that is, from CO, ML, or FI-AA are run. However, the accounting subledger processes indirectly update the G/L-only ledgers by using the values of its integrated reference ledger.

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• Key Concepts: 
  G/L-only ledger is a type of ledger in SAP Accounting that only contains General Ledger (G/L) accounts. This type of ledger does not contain any other types of accounts, such as customer or vendor accounts. It is used to record and track all financial transactions within an organization.
  
  How to use it: 
  To use the G/L-only ledger, you must first create a G/L account in SAP Accounting. Once the account is created, you can enter transactions into the G/L-only ledger. You can also view and analyze the data in the ledger to gain insights into your organization's financial performance.
  
  Tips & Tricks: 
  When creating a G/L-only ledger, it is important to ensure that all transactions are accurately recorded and tracked. This will help you to get an accurate picture of your organization's financial performance. Additionally, it is important to regularly review and update the G/L-only ledger to ensure that all transactions are up-to-date and accurate.
  
  Related Information: 
  The G/L-only ledger is part of SAP Accounting's General Ledger Accounting component. Other components of this system include Accounts Payable, Accounts Receivable, and Asset Accounting. Additionally, SAP Accounting also offers a variety of reporting tools that can be used to analyze the data in the G/L-only ledger.