The Universal Journal: Facilitating Continuous Accounting with One Source of the Truth

The Universal Journal is one of the key underlying innovations of SAP S/4HANA Finance. This article will help clarify how the underlying table structure has changed in SAP S/4HANA Finance and will review the current information that is available in the Universal Journal. It will also illustrate the personalized reporting that is driven by the Universal Journal and by SAP Fiori. Finally, it will clarify the migration path to the Universal Journal for SAP ECC customers who are running either the classic ledger or the SAP General Ledger.

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MEET THE AUTHORS

Birgit Starmanns Global Head of oCFO COE Thought Leadership Strategy and Programs, SAP
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Birgit Starmanns is the Global Head of oCFO COE Thought Leadership Strategy and Programs in the Global Center of Excellence for Finance and Risk. She also has responsibility for the go-to-market of new finance and risk solutions that leverage new technologies such as machine learning and cloud, and the business benefits they can bring to organizations. Her functional experience is in finance and management accounting, including SAP S/4HANA Finance, as well as core SAP ERP and SAP EPM. Birgit has over 30 years of experience across the Center of Excellence (COE), solution marketing, solution management, strategic customer communities, and management consulting organizations. Prior to SAP, she was a principal in management consulting organizations, including Price Waterhouse and several boutique firms. Birgit holds a BA and MBA from the College of William and Mary.