Title 3. General ledger Configuration.pdf ✅

General Ledger Configuration 1. Edit chart of accounts list Chart of Accounts (CoA) is a structured list of all the general ledger (G/L) accounts used by an organization. It serves as a framework for recording financial transactions and organizing financial reporting. The CoA defines the structure and numbering scheme for accounts and helps in maintaining consistent and accurate financial records. Purpose: • Standardizes accounting processes across the organization. • Helps in financial reporting and compliance. • Ensures consistency in transaction postings. Types of Chart of Accounts in SAP • Operating Chart of Accounts (OCoA) – Used for day-to-day transactions. • Group Chart of Accounts (GCoA) – Used for consolidated financial reporting across multiple company codes. • Country-Specific Chart of Accounts (CCoA) – Used to meet local legal reporting requirements.