What is preliminary general journal entry in SAP FS-FPS - Financial Products Subledger?

SAP Term: preliminary general journal entry

• Component: FS-FPS

• Component Name: Financial Products Subledger

• Description: A journal entry that is created and persisted in the subledger based on subledger journal entries and taking the general ledger coding block into account. The system creates a preliminary general journal entry only if the relevant settings have been made in Customizing for the general ledger connection.

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• Key Concepts: 
  A preliminary general journal entry is a type of journal entry used in the Financial Products Subledger (FS-FPS) component of SAP. It is used to record transactions that are not yet finalized, such as those that are pending approval or awaiting additional information. The entries are not posted to the general ledger until they are finalized.
  
  How to use it: 
  To create a preliminary general journal entry in SAP, go to the FS-FPS component and select the “Create Preliminary General Journal Entry” option. Enter the necessary information, such as the date, account numbers, and amounts. Once all of the information is entered, click “Save” to create the entry.
  
  Tips & Tricks: 
  When creating a preliminary general journal entry, it is important to double-check all of the information entered to ensure accuracy. Additionally, it is important to note that these entries are not posted to the general ledger until they are finalized.
  
  Related Information: 
  For more information on creating and managing preliminary general journal entries in SAP, please refer to the SAP Help documentation.