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Master Data Script SAP S/4HANA 180920 publicCreate G/L Account and Cost Element (BNG)Table of Contents 1 Purpose 2 2 Prerequisites 3 2.1 System Access 3 2.2 Roles 3 2.3 Required Organizational Units 3 2.4 Mandatory
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GL Master and Cost refers to a set of financial records that track general ledger accounts and associated costs within an organization. It helps in managing financial data for reporting and analysis.
Organizations and businesses that maintain financial records for reporting purposes are generally required to file GL Master and Cost, including corporations and partnerships.
To fill out GL Master and Cost, gather relevant financial data, categorize the accounts appropriately, and use a standardized format or software to input the information accurately.
The purpose of GL Master and Cost is to provide a clear overview of an organization's financial position, facilitate financial reporting, and ensure compliance with accounting standards.
Information such as account numbers, account descriptions, debit and credit balances, transaction dates, and cost allocations must be reported on GL Master and Cost.
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