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New GL Concept

The new General Ledger in SAP provides real-time reconciliation between financial and controlling modules. It eliminates the need for separate ledgers like the special purpose ledger and allows for flexible reporting through additional fields. Transactions now post primarily to the leading ledger and flow automatically to non-leading ledgers, integrating statutory and management reporting in a single ledger.

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272 views2 pages

New GL Concept

The new General Ledger in SAP provides real-time reconciliation between financial and controlling modules. It eliminates the need for separate ledgers like the special purpose ledger and allows for flexible reporting through additional fields. Transactions now post primarily to the leading ledger and flow automatically to non-leading ledgers, integrating statutory and management reporting in a single ledger.

Uploaded by

kalechiru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Classical General Ledger:-

 Classic general Ledger contains all the financial transactions of a business.


 Businesses make use of the Special Ledger and other components like Profit Center Accounting
(PCA) in order to meet statutory as well as internal requirements
 SAP Profit Center Accounting and the special Ledger reside in separate applications.
 Therefore, these modules were not automatically reconciled with the classic general Ledger
 Due to this there was a need to perform additional closing activities in order to reconcile these
additional modules with the classic general Ledger
 To overcome this SAP brought new concept called New GL.

New GL Concept

 The use of the new General Ledger makes it easier to include additional fields in order to
provide flexible reporting as per the requirements of a business
 The New General Ledger provides real-time reconciliation between the controlling and FI
modules
 There is no need to use separate ledgers like the Special Purpose Ledger, Profit Center Ledger,
etc
 It eliminates the need of Profit & Loss and Balance Sheet adjustments with online splitting
functionality.

Features:

 Parallel Accounting
 Integrated statutory and Management reporting
 Segment Reporting
 Cost of sales accounting
 Document Splitting
 New table

Tables:

FAGLFLEXT –Totals

FAGLFLEXP – Plan line items

FAGLFLEXA- Actual Line items

FAGL_SPLINFO- Splitting Data


Type in New GL

o Leading Ledger – All postings are taken primarily and default. Leading ledger is defined
as OL and COCO are assigned in default.
o Non-Leading Ledger- It is derived from Leading ledger like parallel currencies, posting
and all. It is used to maintain more than one accounting principle.
o All document posted in Leading ledger automatically flowed to Non-leading ledger and
not vice versa
o For every company there will be one leading and many non-leading ledgers.

Steps in New GL

Step 1: Define Ledgers for General Ledger Accounting

0L- for Leading Ledger SAP default

Step 2: Define Currencies of Leading Ledger

Step 3: Define and Activate Non-Leading Ledgers

Here we need to give Currency, Financial Year Variant, Posting period variant etc.

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