What do GL account groups control?

GL account groups play a critical role in SAP's Finance module by defining the characteristics and structure of General Ledger (GL) accounts. They control the nature of accounts, which specifies whether the account is an asset, liability, equity, revenue, or expense. This classification is essential for proper financial reporting and analysis.

Additionally, GL account groups manage the number range or interval for the accounts assigned within them. This means they establish predefined ranges of numbers for the GL accounts, ensuring that there are no overlaps or gaps in account numbers. This structure helps maintain an organized chart of accounts and facilitates smoother data entry and reporting processes.

By controlling these aspects, GL account groups ensure consistent accounting practices across the organization and allow for streamlined financial operations. Understanding this functionality is vital for anyone working within SAP Finance, as it lays the foundation for effective financial management and reporting.