9/12/2014 New GL Concepts and Advantages - SAP FI

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New GL Concepts and Advantages
What are the New GL Concepts and advantages?
The New GL Concepts are-

Leading and Non-Leading Leger maintenance
Document Splitting
Segments and Segment Reporting
Parallel Valuation
Migration from Classic GL to New GL

Advantages are-

1. The new General Ledger in mySAP ERP 2004 has the following advantages over the classic General Ledger
in R/3 Enterprise:
a) In the new General Ledger, you can display the parallel accounting using parallel accounts (as in R/3) or
using parallel ledgers. The FI standard functions and reports are available for all parallel ledgers.
b) The Segment entity and the relevant reporting that are required for segment reporting according to IAS and
U.S. GAAP are available in the new General Ledger.
c) In addition, you can enhance the new General Ledger flexibly, that is, you can enter user-defined fields and
update the relevant totals. Many standard reports can evaluate the information from the user-defined fields.
d) When you use the new Document Splitting function (online split), you can create financial statements at
company code level and, if required, for entities, such as the segment. For each document, the system then
creates a zero balance for the relevant entity, for example, for the segment.
e) As a result, you no longer have to carry out time-consuming reconciliation tasks between FI and CO for the
end of period since cross-entity processes are transferred in real-time to the new General Ledger in Controlling.
Furthermore, you can, for example, navigate from the financial statements report results or the profit and loss
statement report results to the relevant CO report.
f) The new General Ledger uses the same interfaces as the General Ledger in R/3. As a result, users do not
require any additional training.
g) Due to the new multi-dimensional aspect in the General Ledger, all data that is relevant for the General
Ledger is stored in one environment. As a result, reconciliation tasks, for example, between the general ledger
and Profit Center Accounting or the consolidation staging ledger, and processing steps that have to be carried
out repeatedly in the individual applications (for example, balance carryforward) are no longer required. When
you use the new General Ledger, you may not have to use the special ledger anymore.
2. Default delivery
In new installations, the new General Ledger Accounting is activated by default in mySAP ERP. We do not
recommend that new customers use the classic general ledger accounting since using the classic general ledger
accounting requires additional migrations at a later stage. As a result, new customers require explicit
authorization from SAP to use the classic general ledger accounting. If you want to use the classic general
ledger accounting. create and send a CSS message to SAP before you start using the system.
When you upgrade an R/3 system to mySAP ERP, the classic General Ledger remains active at first. If you
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9/12/2014 New GL Concepts and Advantages - SAP FI
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want to convert your system to the new General Ledger, you can do so within a project after you have
completed the upgrade. For more information about this topic, see point 3.
3. Migration support
To ensure maximum security, SAP supports each migration project with a migration service. This basic
technical service is based on standard migration scenarios and is provided in the form of migration packages
for a fixed price. This service is provided by a NewGL migration back office, which was set up for this
purpose. After you commission the service, you are provided with a license key. This releases the migration
functions.
SAP FICO Reference Books:
SAP Financial and Controlling Interview Questions, Certification and Configuration, Books
Goto SAP CO Tips:
SAP Controlling
Back to SAP FI Tips:
SAP FI (Financial Accounting) Configuration Hints and Tips
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SAP ABAP/4 Programming, Basis Administration, Configuration Hints and Tips
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