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

SAP Term: global ledger

• Component: FI-SL

• Component Name: Special Purpose Ledger

• Description: A ledger used to store data for: Global companies Company codes that are assigned to global companies &EXAMPLE& A company code is assigned to a global company, which is assigned to a global ledger. When a document for this company code is posted to the system, it is posted to both the local ledger and to the global ledger.

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• Key Concepts: 
  The global ledger is a component of the SAP Financial Accounting (FI-SL) Special Purpose Ledger. It is a central repository for all financial data, including general ledger accounts, sub-ledgers, and other financial documents. The global ledger allows for the consolidation of financial data from multiple sources into one unified view.
  
  How to use it: 
  The global ledger can be used to create a single source of truth for all financial data. This allows for easier analysis and reporting of financial information. The global ledger can also be used to create a single set of books for multiple legal entities, allowing for easier consolidation of financial data across multiple entities.
  
  Tips & Tricks: 
  When using the global ledger, it is important to ensure that all data is accurate and up-to-date. This will ensure that the consolidated view of the financial data is accurate and reliable. Additionally, it is important to ensure that all accounts are properly mapped to the global ledger in order to ensure that all transactions are properly accounted for.
  
  Related Information: 
  The global ledger is closely related to other components of the SAP Financial Accounting (FI-SL) Special Purpose Ledger, such as the general ledger and sub-ledgers. Additionally, the global ledger can be used in conjunction with other SAP modules, such as Controlling (CO) and Materials Management (MM).