What is production ledger account in SAP SRD-FIN-INV - FIN-Inventory?

SAP Term: production ledger account

• Component: SRD-FIN-INV

• Component Name: FIN-Inventory

• Description: A record of quantities and values that shows the effects of business transactions on the value of a defined part of the work-in-process inventory or expenses in production.

Smart SAP Assistant

• Key Concepts: 
  A production ledger account is a type of financial accounting document used in SAP software. It is used to record the costs associated with the production of goods and services. It is part of the SAP SRD-FIN-INV FIN-Inventory Accounting component. 
  
  How to use it: 
  The production ledger account is used to track the costs associated with the production of goods and services. This includes raw materials, labor, overhead, and other costs associated with the production process. The production ledger account can be used to track the cost of goods sold (COGS) and other expenses related to production. 
  
  Tips & Tricks: 
  When using the production ledger account, it is important to ensure that all costs are accurately recorded. This includes both direct and indirect costs associated with the production process. Additionally, it is important to ensure that all transactions are properly documented and that all entries are accurate. 
  
  Related Information: 
  The production ledger account is closely related to other financial accounting documents such as the general ledger and accounts payable/receivable accounts. Additionally, it is important to understand how the production ledger account interacts with other components of SAP software such as inventory management and cost accounting.