What is P&L Transform and Move in SAP FI-GL-GL - Basic Functions?

SAP Term: P&L Transform and Move

• Component: FI-GL-GL

• Component Name: Basic Functions

• Description: The transfer of all balances from a source P&L account to a target P &L account. Account balances that are not equal to functional currency are transformed into functional currency before moving them to the specified target account.

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• Key Concepts: 
  P&L Transform and Move is a component of the Financial Accounting (FI) module in SAP. It is used to transfer Profit and Loss (P&L) accounts from one company code to another. This process is also known as “balancing” or “balancing out” the accounts. The component also allows for the transfer of P&L accounts from one fiscal year to another. 
  
  How to use it: 
  To use P&L Transform and Move, you must first select the company code from which you want to transfer the P&L accounts. Then, you must select the company code to which you want to transfer the accounts. You can also specify a fiscal year for the transfer. Once you have selected all of the necessary information, you can execute the transfer. 
  
  Tips & Tricks: 
  When transferring P&L accounts, it is important to ensure that all of the necessary information is entered correctly. This includes selecting the correct company codes and fiscal years for the transfer. Additionally, it is important to ensure that all of the accounts are balanced out correctly before executing the transfer. 
  
  Related Information: 
  For more information on P&L Transform and Move, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed instructions on how to use this component of SAP FI-GL-GL Basic Functions.