What is day ledger in SAP FI-SL - Special Purpose Ledger?

SAP Term: day ledger

• Component: FI-SL

• Component Name: Special Purpose Ledger

• Description: A summary table with a fiscal year variant consisting of 366 periods that contains all original postings of the general ledger. The summary table can be activated for reporting purposes.

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• Key Concepts: 
  Day ledger is a special purpose ledger in SAP Financial Accounting (FI-SL) that allows for the recording of daily transactions. It is used to record transactions that occur on a daily basis, such as sales, purchases, and payments. The day ledger is separate from the general ledger and is used to provide more detailed information about daily transactions.
  
  How to use it: 
  The day ledger can be accessed through the SAP Financial Accounting (FI-SL) module. To access the day ledger, go to the “Special Purpose Ledger” tab in the FI-SL module. From there, select “Day Ledger” from the list of available ledgers. Once selected, you will be able to view and manage all of your day ledger transactions.
  
  Tips & Tricks: 
  When using the day ledger, it is important to ensure that all transactions are accurately recorded. This can be done by double-checking all entries before they are posted to the day ledger. Additionally, it is important to keep track of all transactions that have been posted to the day ledger in order to ensure accuracy and avoid any discrepancies.
  
  Related Information: 
  The day ledger is closely related to the general ledger in SAP Financial Accounting (FI-SL). The general ledger is used for recording long-term financial information, while the day ledger is used for recording short-term financial information. Additionally, both ledgers are used for reporting purposes and can be accessed through the FI-SL module.