G/L account balance (classic G/L) - Cockpit

Positive amount representing debits posted to the account. Used to represent asset or expense balances, or the debit side of contra-liability/equity accounts.

Positive amount representing credits posted to the account. Used for liabilities, equity, and revenue accounts, or the credit side of contra-asset/expense accounts.

Balance converted into the group-wide reporting currency for consolidation purposes or controlling area currency. This is often an optional currency for specific reporting needs.

Company code represents an independent accounting entity with its own balance sheet and profit and loss statement.

The G/L account master record defines the behavior, field status groups, and reporting hierarchy of a financial account.