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Def - General Ledger Account Segment
Def - General Ledger Account Segment
A GL Account Segment refers to the individual components that make up a General Ledger Account. Every GL Account contains at least on segment called the "Natural Account". Companies often add additional "Segments" to further organize and structure their chart of accounts. GL Account Segments are typically separated by a "-" within the GL Account Number (e.g. 5003-05-4). For example, a company that runs multiple Plants and produces multiple lines of product may use three GL Account Segments: [Natural Account] - [Plant ID] - [Product Line].
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