What is balance of general ledger transfer in SAP FS-AM-IM-GL - General Ledger Transfer?

SAP Term: balance of general ledger transfer

• Component: FS-AM-IM-GL

• Component Name: General Ledger Transfer

• Description: The balance representing the AM account balance per account and posting day that is updated in the context of balance sheet preparation if there are postings for the AM account.

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• Key Concepts: 
  Balance of General Ledger Transfer (BGLT) is a component of the SAP Financial Services Accounting and Management (FS-AM-IM-GL) module. It is used to transfer balances from one general ledger account to another. This process is used to ensure that the balances in the accounts are accurate and up-to-date. 
  
  How to use it: 
  The BGLT component can be used to transfer balances from one general ledger account to another. This process is done by entering the source and target accounts, as well as the amount to be transferred. Once the transfer is complete, the balances in both accounts will be updated accordingly. 
  
  Tips & Tricks: 
  When using BGLT, it is important to ensure that the source and target accounts are correct. Additionally, it is important to double-check the amount being transferred before completing the process. 
  
  Related Information: 
  For more information on BGLT, please refer to the SAP Help Portal or contact your SAP support team.