What is accounts payable ledger in SAP FI - Financial Accounting?

SAP Term: accounts payable ledger

• Component: FI

• Component Name: Financial Accounting

• Description: A ledger set up to account for the values from business transactions with vendors. The accounts payable ledger records values at company code level.

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• Key Concepts: 
  Accounts Payable Ledger is a component of SAP Financial Accounting (FI) module. It is used to record and manage all the accounts payable transactions of an organization. It is a sub-ledger of the General Ledger and contains all the details of the vendor invoices, payments, and other related transactions. 
  
  How to use it: 
  The Accounts Payable Ledger can be used to track all the accounts payable transactions of an organization. It can be used to record vendor invoices, payments, and other related transactions. The Accounts Payable Ledger can also be used to generate reports on accounts payable transactions such as vendor aging reports, payment history reports, etc. 
  
  Tips & Tricks: 
  It is important to ensure that all the accounts payable transactions are accurately recorded in the Accounts Payable Ledger. This will help in avoiding any discrepancies in the financial statements of the organization. It is also important to regularly review the Accounts Payable Ledger to ensure that all the transactions are up-to-date and accurate. 
  
  Related Information: 
  The Accounts Payable Ledger is closely related to other components of SAP Financial Accounting such as General Ledger, Accounts Receivable Ledger, and Cash Management. It is also related to other modules such as Materials Management (MM) and Sales & Distribution (SD).