New general configuration in sap fico new gl concept in sap fico duration. Sap has consolidated multiple tables in classic gl such as glt0, glpct, glfunct, cofit etc. You can change your consent settings at any time by unsubscribing or as detailed in our terms. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. You can combine any number of ledgers in a ledger group. What is the differences between leading ledger vs nonleading ledger in ecc 6. With regard to the default configuration of an sap system and the activation of. Pdf shaper is a free and very practical allinone type of pdf managing tools box from spain. The new general ledger in mysap erp 2004 has the following advantages over the classic general ledger in r3 enterprise. Please do not share email addresses or links to sap ed information on these forums. Then explore transactions and reports you can use to troubleshoot gl account issues. New gl in sap fico new general configuration in sap fico. The intention behind sap new gl configuration is to combine the features of gl, profit center accounting, reconciliation ledger, special purpose ledger, business.
The new general ledger provides realtime reconciliation between the controlling and fi modules. Benefits of new general ledger sap materials, documents. For indian companies financial year is april to march. Assets integration in new general ledger erp financials. To derive the cost center on fi document and then onto newgl, it is necessary. This course teaches the essentials of configuring accounts, keys and versions in the sap general ledger gl module. The general ledger interface process overview general ledger interface gli is an internet product that resides on a safe and secure website.
It converts adp payroll data to a general ledger gl file for import into your accounting software. Creation of balance sheets at the segment or profitcenter level or balance sheets based on companyspecific or industryspecific entities. New general ledger accounting in mysap erp has the following advantages compared to classic general ledger accounting. In the new gl, realtime integration of co with fi is ensured. Management and internet transaction server were also merged into sap.
New general ledger accounting contains functions that combine. Integration of managerial and financial accounting, including segment reporting. Activate the new general ledger accounting by a single click on the clock icon2. 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. What is leading and nonleading ledger in the new gl configuration. Changes in ownership and strategic alignment between the two companies and their leadership provided new opportunities and finally led to a successful merger.
This configuration is global in nature and has to be carried out in. Migration project, migration cockpit, and best practices to migrate from classic the new general ledger about the book about the ebook 505 pages, hardcover, 1. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. Sap fico general ledger accounting configuration steps. We will cover the fi configuration from scratch and not copying configuration from an existing company. Linux administration videos and books online sharing. Sap general ledger sap figl transactions howto guide. Accounting controlling profitability analysis planning integrated planning transfer plan values to figl new. Let us understand this concept of sap new gl structure and its use. The menu path via img for same is financial accounting new financial.
Sap abap application component figlgl basic functions sap datasheet the best online sap object repository. Segment reporting with document splitting in the sap general ledger. Its functions cover almost any aspects of daily pdf files managing operations. New gl functionality new gl functionality by guntupalli hari krishna sap erp. Click on address and update the following fields new gl configuration page 11 of 350. Newgl migration scenarios erp financials community wiki. New general ledger has all functions of the classic general ledger but has been enhanced with special ledger functions to create greater flexibility. Three new tables in the new general ledger handle totals, store generalledger. Sap abap application component figlgl basic functions. New general ledger accounting offers the following advantages. You will learn complete subscribe my channel for more videos on sap fico and sap hana finance. Recording all business transactions primary postings as well as settlements from internal accounting in a software system that is fully integrated with all. Sap simple finance quick guide in traditional sap applications, all the data is stored at the database level and calculations are performed.
Benefits like segment reporting, cost of sale accounting, management reporting, parallel accounting, balanced books are possible with new gl. This ensures transfer of crossentity controlling postings to general ledger in real time. The new general ledger in sap erp has the following advantages over the. Newgl basic overview erp financials community wiki. Do you want to expand your knowledge of sap fi configuration and impress your next client or employer. The new gl functionality which came into existence from ecc 5. New general ledger accounting has an extended data structure in the standard delivery. This chart of accounts is assigned to the company code.
General ledger interface streamlines the process of creating payroll journal entries and updating. Today, in the current r3, there is no real time integration of co with fi, though the reconciliation of co and fi is ensured through reconciliation ledger periodend activities. New general ledger or new gl in the mysap erp system offers one of the most. With this ebite, youll learn how to perform your tasks in sap general ledger figl. What is leading and nonleading ledger in the new gl.
Segment reporting with document splitting in the sap. In this case it is inr indian rupees since the company is located in india. The internal management reporting will meet the segment requirements outlined by the steering committee. Acceleration of periodend closing fast close improved transparency.
New general ledger in sap erp financials by eric bauer and jorg siebert sap press. This document help you to understand sap fi new gl configuration in. You opt for the profit center update scenario if you want to portray profit center accounting in new general ledger accounting. Migration from classic gl to new gl advantages are 1. Page information view in hierarchy view source export to pdf export to word. Concepts, methods and rules then delves into specific narod. The general ledger is used to record all the business transactions in a software system. To assign profit center update you need to have profit center module active.
You can jump from the co document to the fi followon document generated in real. Financial accounting new general ledger accounting new business transactions open item clearing clearing differences define tolerance groups for gl accounting. We had forgotten to deactivate new gl initially and posted transaction data into the system. In the new general ledger, you can display the parallel accounting using parallel accounts as in r3 or using parallel ledgers. Ac210 new general ledger accounting in sap erp sap. Down payment is the receivedpaid amount before actual. Sap has introduced a new concept called as sap new gl structure.
Case study new gl implementation page 3 defined to mirror the hfm financial statements for management reporting. A chart of accounts can be used by multiple company codes. The functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. The below configuration has to be done to enable cofi reconciliation. The dnv gl group today operates in over 100 countries. Sap fico general ledger accounting configuration steps general ledger accounting configuration steps general ledger accounting. The intention behind sap new gl configuration is to combine the features of. New gl configuration step by step financial accounting. The fi standard functions and reports are available for all parallel ledgers. Managing merger and acquisition compliance interim procedures consolidating cash transactions for ctrs cashing onus checks for both banks within 60 days of acquisition date notify fema of any change in servicer of a loan. Although the inbuilt functions are numerous, it comes with small file size and low system resource occupancy. You will learn complete subscribe my channel for more videos on sap fico and sap. Ag 2007 it is conceivable to combine the two postings into one posting record.
Download as doc, pdf, txt or read online from scribd. A profit center is an organizational unit that reflects a managementoriented structure of the company and for which an individual period result can be determined. General ledger view of an fi document, with previous assignment of. You plan to use the new general ledger in mysap erp with active document splitting. 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 for more details please check our faq. This will guide you step by step how to create new gl configuration in sap thanks vasu. Contribute to hanneskodlibmergepdf development by creating an account on github. This tutorial provides transaction codes, tables and pdf training materials about gl.
In addition you will be introduced to new asset accounting and learn the additional configuration options and functionalities it brings. This means that the general ledgers of these company codes have identical gl structure. Today dnv gl is a globally leading quality assurance and risk management company. What is leading and nonleading ledger in the new gl configuration answer sai vardhan. The fi chart of accounts represents the list of gl accounts that are used to meet the daily needs and the operating countrys legal requirement in a company. Accomplish segment reporting using document splitting in. Master journal vouchers, credit memos, reversals, parking, reference documents, and more. For the purpose of demonstrating the asset integration in the new general ledger the example of a cost center account assignment object is used here. Efficient solutions were designed for the legacy data conversions, upload of gl balances, the ap and ar open items. Let us see how to check configuration of the operating concern. Ac210 new general ledger accounting ac210 new general ledger. Migration to new general ledger accounting general sap. Later after consulting sap we deleted all transaction data and deactivated new gl.
568 959 1626 1379 1500 105 1086 112 1657 498 1148 309 1229 1389 806 1338 519 1523 969 32 1338 323 821 160 973 490 1149 277 840 156 966 1229 1169