GL Account: Representing the account items in a Chart of Accounts, these
accounts record the value movements in a Company Code. The transaction values
are recorded per Posting Period in the GL accounts, the totals of which are used in
reporting.
GL Account Document: An accounting document used to record the
transactions in the General Ledger for a Company Code, this contains a minimum
of two line items whose balance is always zero.
GL Account Master Record: Besides the account number, name of the account,
etc., a ‘GL master record’ also contains control parameters on how data is entered
into a GL account. ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.