Microsoft, windows, nt, excel, word, powerpoint and sql server are registered. Feb, 2015 sap new gl overview from verity solutions. Why sap introduced new sap gl the following sap training tutorials guides detailed introduction about new sap gl general ledger and why sap was introduced. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. The new gl functionality which came into existence from ecc 5. Let us understand this concept of new gl and its use. Activate the new general ledger accounting by a single click on the clock icon2. New general ledger accounting in mysap erp has the following advantages compared to classic general ledger accounting such as in r3 enterprise. Some of these features in new general ledger are document. The gl design net books in pdf is the first and most important step to successful. Summary the note lists the steps to be followed in new gl migration for scenario 3 migration with document splitting.
New gl has now an added dimension of profit center and segment accounting in it. A musthave for all finance professionals who have migrated or will be migrating to the sap general ledger, this book is a resource that can be used in daily work and at the implementation level. The new general ledger in mysap erp 2004 has the following advantages over the classic general ledger in r3 enterprise. New general ledger accounting in sap erp sap training. Aug, 2010 three new tables in the new general ledger handle totals, store generalledger and specific line items, and calculate valuations for yearend closings in parallel ledgers. Sap has consolidated multiple tables in classic gl such as glt0, glpct, glfunct, cofit etc.
Recording all business transactions primary postings as well as settlements from internal accounting in a software system that is fully integrated with all. Some software products marketed by sap ag and its distributors contain proprietary software components of other software vendors. Sap fico course content self learning sap center sap. New gl functionality is very useful for companieswhich have multiple parallel reporting such as local reporting, parent reporting and tax reporting.
Benefits like segment reporting, cost of sale accounting, management reporting, parallel accounting, balanced books are possible with new gl. Objective of new gl sap has the following objectives behind the introduction of the new general ledger. Mar 23, 2009 today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. The intention behind sap new gl configuration is to combine the features of gl, profit center accounting, reconciliation ledger, special purpose ledger, business area, cost of sale accounting.
Previous to sap ecc, if new fields were required to general ledger sap had to deliver these new fields in special purpose ledger tables. The new general ledger uses the special purpose ledger to save total values in the tables. Benefits like segment reporting, cost of sale accounting, management reporting. Working with the new gl migration cockpit applies to. Migration from classic gl to new gl advantages are 1. To ease this problem, sap has created a new, flexible general ledger solution in sap erp. Apr 22, 2014 what is the differences between classic gl and new gl, sap new gl vs classic gl, in classic gl an extension to the existing functionality is provided or, compared to classic gl, new functionality is provided, or to perform functionality in classic gl, provide a technologically superior way. Eric bauer and jorg siebert the sap general ledger bonn boston 350 db 3 8510 4.
Earlier all this was only possible by creating separate gl codes and different retained earning accounts. If your team is making the migration to the new general ledger, youre going to need a guide. With the new sap general ledger, companies receive new functional options to better manage and rapidly process external and internal accounting when conducting business on a global scale. Useful documents to introduce you sap new general ledger. Jun 15, 2012 f the new general ledger uses the same interfaces as the general ledger in r3. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. This ensures transfer of crossentity controlling postings to general ledger in real time. Oct 05, 2012 sap new gl configuration page 11 of 282. Jan 20, 2012 the main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. For indian companies financial year is april to march. All company codes are assigned to a leading ledger. Accomplish segment reporting using document splitting in. Introduction this material is applicable for sap ecc 6 version.
In the new gl scenario, this is clubbed in fi general ledger itself. Let us understand this concept of sap new gl structure and its use. If an indian company is registered in us stock exchange, it has to submit reports to stock exchange according to the financial year there in us i. It is mandatory to refer what is sap gl accounting before reading this topic. Jun 28, 2009 since the release of sap r3 in 1993, the most extensive changes on gl was done with the advent of new gl. In the new gl, realtime integration of co with fi is ensured. Why sap introduced new sap gl sap training tutorials. For more information, visit the enterprise resource planning homepage. Typically in sap you can depict parallel accounting.
New gl merges the classic general ledger with profit center accounting, special ledgers including costofsales ledger, and the consolidationstaging ledger see figure 1. Sap will carry over the split on the vendor line item from the preceding process vendor invoice process and will split the vendor line in the payment document in the same ratio. Activate new general ledger accounting menu path sap. Due to the temporary closure of training centers current status here, all planned classroom training courses in the affected countries have been converted to our virtual learning method sap live class until further notice thus the original offer is still fully available in these countries. The snp transformation backbone software provides support when directly migrating from the classic general ledger to the new general ledger new gl. To the classical general ledger and activate according to the new gl concept. The subsequent units will elaborate on these benefits. Migration of classical gl to new gl with document splitting. What is the use of new gl concept, i thought its help us in segment reporting document slitting, but aggain i was aksed, in 4. Ac212 migration to the new general ledger sap training.
Dec 07, 2011 blogs on document splitting at au document splitting is a very powerful feature delivered by sap ecc. This transfer allows continuous reconciliation of cost accounting books with financial books and removes the need for any subsequent reconciliation. Efficiently handle financial reporting, according to both local and international accounting principles facilitate increased convergence between financial and management accounting. Detail general ledger media library pdf file new general ledger accounting and sap industry solutions in the media library, you can also find other sources of interesting information relating to new general ledger accounting, as well as some recorded system demos that you can view using the sap tutor player. You will learn the services offered by sap and how to implement the steps necessary for a new gl migration with migration scenarios 1 5. For detailed documentation on the individual functions of new general ledger accounting, see sap library, under sap erp central component accounting financial accounting general ledger accounting fi gl new. Jun 28, 2011 new general ledger actually means the new functionality of additional ledgers that can be used for reconciling entries to comply with a different reporting standard bases of accounting. The split document is shown in the general ledger view. Recording all business transactions primary postings as well as settlements from internal accounting in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is.
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