SAP FICO Interview Que. - 5 General Ledger Master Data | FS00
SAP FICO interview preparation on General Ledger Master Data | FS00 Important fields.
Type/Description
1. G/L Account Type- G/L accounts can be divided by the following account types: B/S and P/L (S4HANA- B/S account, Non Operating Expenses or Income, Primary cost or Revenue, Secondary cost)
2. Account Group- Created in OBD4
3. Description- Short and long description for GL's Group Account no.
group chart of account is used for consolidating your individual operative chart of accounts
Control Data
1. Account Currency- If currency maintained in GL master is same as company code currency then document can be posted in any currency.
2. Only balance in Local currency- If we activate it whatever currency we post system will update the transaction in local currency only.
3. Tax Category- Tax category for GL a/c
4. Posting without tax allowed- if this ticked system will allow you to post the GL transactions without tax as well
5. Recon. Account- It's a subledger account for Vendor,Customer,Assets
6. Alternate account no.- Used in country specific COA.
7. Open Item Management- All the suspense and clearing account will have open item management. Check box ticked. E.g., GR, IR, Outgoing bank, Incoming bank account
8. Line Item display- It will give transaction wise report (Removed in S4Hana)
9. Sort key- If we select posting date here, when we execute the GL transaction system will set the assignment field as posting date)
Create/Bank/Interest
1.Field status group- Assigned field status variant here
2. Post automatically only- If this check box is ticked, it means that this GL is only used for posting automatically by the system. No manual posting Is allowed.
E.g., when u run vendor payment & cash discount is received from vendor that account will be auto posted with the disc. Amount
3. Relevant to cash flow- While Bank/Cash GL creation we well select this option.