SAP Profit & Loss  Account and Balance Sheet
Channel: SREECHKRA
Date: 2020-03-12

This tutorial which is part of our SAP FI course talks about SAP Balance Sheet and P&L Statement accounts in Financial Accounting. You will learn about these two types of G/L accounts in SAP FI, important differences between them, and how to maintain them in relevant transaction(s). We will mention the SAP transactions and tables that are related to this process.

A general ledger (G/L) account is required to record business transactions of an organization. Financial and management reports in SAP are generated based upon the transactions booked against general ledger accounts. There are two types of G/L accounts in SAP: SAP Balance Sheet and P&L Statement accounts. P&L stands for Profit and Loss. Let’s discuss these account types in more details