What is alternative account in SAP FI-GL - General Ledger Accounting?

SAP Term: alternative account

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: A structure that records value movements in a company code and represents the G/L account items in an alternative chart of accounts.

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• Key Concepts: 
  Alternative accounts are used in SAP FI-GL General Ledger Accounting to provide an additional layer of flexibility when creating and managing financial accounts. They allow users to assign multiple accounts to a single transaction, allowing for more detailed tracking and reporting. 
  
  How to use it: 
  Alternative accounts can be used in SAP FI-GL General Ledger Accounting by creating a new account and assigning it as an alternative account to an existing account. This allows users to assign multiple accounts to a single transaction, allowing for more detailed tracking and reporting. 
  
  Tips & Tricks: 
  When creating alternative accounts, it is important to ensure that the accounts are properly linked and that the correct account is assigned to the correct transaction. This will ensure that the data is accurately tracked and reported. 
  
  Related Information: 
  For more information on alternative accounts in SAP FI-GL General Ledger Accounting, please refer to the SAP Help Portal or contact your local SAP support team.