Managing the General Ledger

After completing this lesson, you will be able to:

After completing this lesson, you will be able to:

  • Explain what a General Ledger is in SAP Fieldglass.
  • Navigate a General Ledger admin object.
  • Create a General Ledger in SAP Fieldglass.

General Ledger

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.

Navigating the General Ledger Admin Object

Select General Ledger from the Financial Data section of the admin menu to view a list of general ledgers associated to WorkingNet’s tenant.

Create a General Ledger

To keep better track of the company’s financial data, WorkingNet has asked for a new general ledger be added in SAP Fieldglass.

As the SAP Fieldglass administrator for WorkingNet, you will need to create the new general ledger then associate it to an existing business unit within WorkingNet’s tenant.

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