General Ledger Account Type

The G/L Account Type is the first setting in the general ledger account master. In controlling, we’re interested in the following three options:

• P Primary Costs or Revenue: Primary costs include, for example, material expenses, salaries, asset depreciation, and energy. You post revenue by selling products and services.
• S Secondary Costs: With these general ledger accounts, you post allocations between cost objects. Examples are the allocation of costs from overhead cost centers to production cost centers; from production orders to customer projects, production orders, or market segments; and from internal projects to cost centers and market segments.
• N Nonoperating Expense or Income: These are profit and loss (P&L) accounts not related to the products and services of the company but belong in the financial statement, such as gains or losses from a foreign exchange market.
• Balance Sheet Account : Balance Sheet Accounts
• New Field Cost Element Category under control data updates account setting for the controlling area.