A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account in an accounting system. An account is a unique record for each type of asset, liability, equity, revenue, and expense

Tolerance group for employees is to restrict/control the users for posting the documents. Here we can give user wise maximum limit for tolerance groups.

General ledger account tolerance is mandatory in SAP. Which applicable in receipts and payments. Tolerance means the payment difference. It can be “Amount Tolerance” or “Percentage Tolerance”. It can be debit or credit.

The tolerance groups can be defined as predefined limits in amounts or percentages by which receivables may be underpaid or overpaid.

SAP ERP is an Enterprise Resource Planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization.

ERP refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.