What is standing accrual in SAP FI-GL - General Ledger Accounting?

SAP Term: standing accrual

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: Amount that is accrued as a total amount using an opening entry. This fixed amount usually remains unchanged until it is utilized or released.

Smart SAP Assistant

• Key Concepts: 
  Standing accrual is a feature of SAP's FI-GL General Ledger Accounting component. It allows for the automatic creation of accrual postings at regular intervals, such as monthly or quarterly. This helps to ensure that all transactions are properly accounted for in the general ledger. 
  
  How to use it: 
  To use standing accrual, you must first set up the accrual posting rules in the system. This includes specifying the frequency of the postings, the accounts to be used, and any other relevant information. Once this is done, the system will automatically create the accrual postings at the specified intervals. 
  
  Tips & Tricks: 
  When setting up standing accrual, it is important to ensure that all of the necessary accounts are included in the posting rules. This will help to ensure that all transactions are properly accounted for in the general ledger. Additionally, it is important to review the postings regularly to ensure that they are accurate and up-to-date. 
  
  Related Information: 
  For more information on standing accrual and how to set it up in SAP's FI-GL General Ledger Accounting component, please refer to SAP's official documentation.