How do I configure special GL indicator in SAP?
Select an account type/indicator combination from the list or, to configure a new combination, click Create and enter the following information:
- Specify account type.
- Select pre-existing special G/L indicator.
- Enter a name.
- Enter a description for the purpose of the indicator.
How do you get special GL indicator list in SAP?
Execute the transaction code FBKP to display the screen as shown below.
- FIGURE 1 (EXECUTE THE TRANSACTION CODE FBKP)
- FIGURE 2 (LIST OF SPECIAL G/L INDICATORS)
- FIGURE 4 (ENTER THE DETAILS FOR THE NEW SPECIAL G/L INDICATOR)
- FIGURE 5 (DEFINE THE ALTERNATIVE GENERAL LEDGER ACCOUNT)
What is a special GL indicator SAP?
Special GL indicator is mostly used for Advance Payments, Bills of Exchange and Guarentees. To identify there should be the difference between the Advance payment and normal payments. So, in SAP Spl indicator is maintained.
What does it means by special GL indicator?
Special G/L transactions are basically down payment requests, down payment made, down payment received, bill of exchange or any other transactions related to customer/vendor. such kind of transactions need to be captured separately and not to be updated directly in the customer/vendor account.
What is SAP Umskz?
UMSKZ is a standard field within SAP Cluster table bseg that stores Special G/L ind. information. You could also view this information on your SAP system if you enter the table name BSEG or data element UMSKZ into the relevant SAP transaction such as SE11 or SE80.
What is special ledger in SAP FICO?
Special Purpose Ledgers are ledgers that you can define for your specific business and organizational requirements. The ledgers contain the dimensions you enter. You can create Special Purpose Ledgers in your FI-SL system.
What is the use of special GL in SAP?
Special GL transactions (G/L) is transactions that are not normal business transactions with your business partners. These are generally shown in different control ledgers and are not grouped with the normal transactions. They include bills of exchange, down payments, bank guarantees, and provisions for doubtful debts.
What is a special ledger?
Special General Ledger Transactions are transactions that logically belong to accounts in the sub-ledger (Customer / Vendor) but are not to be posted to the corresponding G/L Reconciliation Account defined in the master record.
What are special journals used for in accounting?
What are Special Journals? Special journals are all accounting journals except for the general journal. These journals are used to record specific types of high-volume information that would otherwise be recorded in and overwhelm the general ledger.
What are the 4 commonly used special journals?
There are four types of Special Journals that are frequently used by merchandising businesses: Sales journals, Cash receipts journals, Purchases journals, and Cash payments journals.
How to configure special g/L indicators in SAP?
SAP special G/L indicator configuration must be done based on the combination of account type (vendor, customer, asset, etc.) and the special G/L account indicator (down payment, bill of exchange receivable, guarantee, etc.).
What are special posting keys and special g/L indicators?
Special G/L transactions are posted using special posting keys and special G/L indicators. We discuss special posting key configuration in another tutorial, but to summarize, special posting keys define the account type, the debit/credit indicator and the line layout for each line item of a posting.
How to create a Custom GL indicator?
Go to T-Codes FBKP (General for all )/ OBXR (for Customers) OBYR (for Vendors) for creating your own special GL indicator In FBKP there will be a selection box where you can select Automatic postings , Special GL Posting Keys etc… and can create the customised one as you require
What is a special GL transaction?
Special GL transactions are not directly posted to the GL account even though these are related to the vendor or customer sub ledger accounts. These transactions are shown separately in the balance sheet. There are special posting keys/indicators defined in the system to regulate the postings.
