What is library in SAP FI-SL - Special Purpose Ledger?

SAP Term: library

• Component: FI-SL

• Component Name: Special Purpose Ledger

• Description: A collection of characteristics, key figures, and predefined columns that can be used in a report. All reports are assigned to a library. Report definitions in one library can only use the characteristics, key figures, and predefined columns defined for that library. Libraries also contain sample receiver reports.

Smart SAP Assistant

• Key Concepts: 
  The library component in SAP FI-SL Special Purpose Ledger is a repository of master data and documents related to the ledger. It stores information such as account groups, account codes, and other related documents. The library component also allows users to create and manage their own custom libraries for specific purposes. 
  
  How to use it: 
  The library component in SAP FI-SL Special Purpose Ledger can be accessed through the SAP GUI. Once in the library, users can create and manage their own custom libraries for specific purposes. They can also view and edit existing libraries, as well as add new documents or data to existing libraries. 
  
  Tips & Tricks: 
  When creating a new library, it is important to ensure that all relevant information is included in the library. This includes account groups, account codes, and other related documents. Additionally, it is important to keep the library up-to-date with any changes that may occur in the ledger. 
  
  Related Information: 
  The library component in SAP FI-SL Special Purpose Ledger is closely related to other components such as the Account Groups and Account Codes components. It is important to understand how these components interact with each other in order to effectively use the library component. Additionally, it is important to understand how the library component interacts with other SAP modules such as FI-GL and CO-PA.