What is underlying ledger in SAP FI-GL - General Ledger Accounting?

SAP Term: underlying ledger

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: A ledger serving as the basis for an extension ledger. An underlying ledger can be a standard ledger or an extension ledger. This is because multiple extension ledgers can be based on one standard ledger. An extension ledger implicitly contains the postings of the underlying ledger on which it is based.

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• Key Concepts: 
  Underlying ledger is a term used in SAP's FI-GL General Ledger Accounting component. It refers to the ledger that is used to store the financial data of an organization. This ledger is used to track all financial transactions and provide a comprehensive view of the organization's financial position. 
  
  How to use it: 
  The underlying ledger is used to store all financial data related to an organization. This includes information such as accounts receivable, accounts payable, and other financial transactions. The ledger can be accessed through the SAP system and can be used to generate reports and analyze financial data. 
  
  Tips & Tricks: 
  When using the underlying ledger, it is important to ensure that all financial data is accurate and up-to-date. This will help ensure that the organization's financial position is accurately reflected in the ledger. Additionally, it is important to regularly review the underlying ledger to ensure that all transactions are properly recorded and accounted for. 
  
  Related Information: 
  The underlying ledger is closely related to other components of SAP's FI-GL General Ledger Accounting, such as accounts receivable, accounts payable, and other financial transactions. Additionally, the underlying ledger can be used in conjunction with other components of SAP's FI-GL General Ledger Accounting, such as budgeting and forecasting.