What is totals table in SAP FI-GL - General Ledger Accounting?

SAP Term: totals table

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: Database table containing totals records.

Smart SAP Assistant

• Key Concepts: 
  A totals table is a feature of SAP FI-GL General Ledger Accounting that allows users to store and manage financial data in a structured way. It is a table that contains the total amounts of all the accounts in the ledger, and it is used to quickly access and analyze financial data. 
  
  How to use it: 
  To use the totals table, users must first create an account in the ledger. Once the account is created, users can enter the total amount for each account into the totals table. This allows users to quickly access and analyze financial data without having to manually search through all of the individual accounts. 
  
  Tips & Tricks: 
  When entering data into the totals table, it is important to make sure that all of the accounts are up-to-date and accurate. This will ensure that the totals table is accurate and up-to-date, which will make it easier to access and analyze financial data. 
  
  Related Information: 
  The totals table is just one of many features of SAP FI-GL General Ledger Accounting. Other features include account reconciliation, budgeting, and reporting. All of these features can be used together to help users manage their financial data more efficiently.