G/L account (PSM-FM)

Example: Funds Management (PSM-FM)

Book for managing bookkeeping (fiscal accounting) that contains the business transactions in order, in other words, based on the grouping of the budget plan. Cash-based closing and the budget calculation is developed from the G/L account.

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Source: https://help.sap.com/doc/saphelp_glossary/latest/en-US/27/f3e98ef999dc478992f9c13a5d6eab/content.htm