What is alternative chart of accounts in SAP FI-GL - General Ledger Accounting?

SAP Term: alternative chart of accounts

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: A chart of accounts with the G/L accounts that meet specific legal reporting requirements in a country/region or for other company-specific reporting purposes.

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• Key Concepts: 
  Alternative Chart of Accounts is a feature in SAP FI-GL General Ledger Accounting that allows users to define multiple charts of accounts for the same company code. This allows users to maintain different sets of accounts for different purposes, such as reporting or taxation. 
  
  How to use it: 
  To use the Alternative Chart of Accounts feature, users must first define the alternative chart of accounts in the system. This is done by creating a new chart of accounts and assigning it to the company code. Once the chart of accounts is defined, users can assign different accounts to the alternative chart of accounts. This can be done by assigning existing accounts or creating new ones. 
  
  Tips & Tricks: 
  When using the Alternative Chart of Accounts feature, it is important to ensure that all accounts are properly assigned and that all transactions are posted to the correct chart of accounts. Additionally, it is important to ensure that all reports are generated using the correct chart of accounts. 
  
  Related Information: 
  For more information on Alternative Chart of Accounts in SAP FI-GL General Ledger Accounting, please refer to the SAP Help Portal or contact your local SAP support team.