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Chapter 5 ■ Creating a General Ledger (G/L)
Figure 5-3. Create G/L account centrally—the Type/Description tab
Update the following fields:
Account Group: As explained in Chapter 2, the account group is a tool in the
SAP ERP that determines how master records are created. The importance of
the account group is that it classifies G/L transactions into the same account
groups you specified in Define Chart of Account in Chapter 2. When you click the
drop-down arrow next to the Account Group field on the Control in the Chart of
Accounts section, a list of the account groups you defined earlier is displayed.
Select the account group appropriate for your G/L account. For example, if your
G/L account is for posting transactions relating to assets, select Fixed Assets
Accounts from the Account Group list displayed. All postings relating to assets
will be classified as such, and the system will automatically assign a number to
the item from the number range interval belonging to this account group. For
this activity, we used General G/L Accounts as the Account Group.
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