General Ledgers are bookkeeping ledgers that serve as central repositories for accounting data. They represent the record-keeping system for a company's financial data and provide a record of each financial transaction. They are optional data items in SAP Fieldglass that allow for further classification of an organization’s contingent labor spend.
A General Ledger does not drive functionality, it is used strictly for tracking and reporting purposes.
While their naming conventions are similar, General Ledgers are not the same as General Ledger Accounts. General Ledgers are in place to organize Business Units, while General Ledger Accounts are used to organize and classify task and expense codes.
