Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Figures, alternate gl account and custom new gl fields. Activate the new general ledger accounting by a single click on the clock icon2. Architecture sap retained the fi tables bseg and bkpf and introduced new tables faglflext and faglflexa to store the document split information.
Media library pdf file new general ledger accounting and sap industry solutions naturally, the solution management colleagues of the respective industry would also be pleased to answer your questions. If you want the profit center, business area or segments to appear in line items which you have not entered while posting, then document splitting in sap will populate line items with the selected characteristics even when such line items are not populated manually. In the configuration each gl account is assigned to item category. As of sap accounting powered by sap hana, new general ledger accounting offers the following new functions and changes to existing functions compared against sap enhancement package 7 for sap erp 6. Introduction this material is applicable for sap ecc 6 version. The new gl functions include parallel accounting, its an sap feature where you can maintain different sets of books to satisfy all different requirements of financial statement users accurately, efficiently and effectively. Working with the new gl migration cockpit applies to. The new general ledger in sap erp has the following advantages over the.
Naeem arif and sheikh muhammad tauseef sap erp financials. For more information, visit the enterprise resource planning homepage. Document splitting in new general ledger sap blogs. The country where company code is located and the balance sheet and income statement which will be prepared according to that country law. Newgl basic overview erp financials community wiki sap.
Migration from classic gl to new gl advantages are 1. Just to name a few like 0 balance sheet account, 02000 customer. 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. Let us understand this concept of new gl and its use. You will learn complete subscribe my channel for more videos on sap fico and sap. This involves knowledge of configuration to maintain these settings. The new general ledger in mysap erp 2004 has the following advantages over the classic general ledger in r3 enterprise. Sap s4 hana 1709 simplified new gl migration process.
Introduction we have pleasure in giving this free ebook to the new aspiring sap fico consultants. Nov 30, 2018 this video explains new gl concept in sap fico. Sap note 996852 down payment on auc and document splitting. Sap tax configuration tutorial free sap fi training. Pdf sap new gl configuration rabah selami academia. The new sap general ledger has following advantages than classic sap gl accounting in r3 systems. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. This way, you can create financial statements for entities such as segments and meet the legal requirements for.
Accomplish segment reporting using document splitting in. This way users can create financial statements for entities such as segments and meet the legal requirements. Let us first understand the fico module before we actually start configuration. 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. Aug, 2010 the functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. With document splitting, accounting line items are split according to specific characteristics.
Enter the general ledger account that all tax codes of this tax type shall post to. New general ledger or new gl in the mysap erp system offers one of the most powerful features called as document splitting. A chart of accounts can be used by multiple company codes. New general ledger accounting powered by sap hana sap.
Guided configuration follows the principle of a system driven implementation. Oct 05, 2012 sap new gl configuration page 11 of 282. Sap fico general ledger accounting configuration steps. Configuration of the new general ledger sap help portal. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. Three new tables in the new general ledger handle totals, store generalledger. Document splitting in new gl in sap linkedin slideshare. Migration of classical gl to new gl with document splitting. These are used to define, which ledger is to be updated during posting.
Sap note 49127 cost center account assignmnts in asset accounting. Ac210 new general ledger accounting in sap erp sap. If an indian company is registered in us stock exchange, it has to submit reports to stock exchange according to the. Sap help overview sap best practices for sap s4hana, onpremise edition. 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. Objective of new gl sap has the following objectives behind the introduction of the new general ledger efficiently handle financial reporting, according to both local and international accounting principles. Starting with constructing concepts, the author provides. Summary the note lists the steps to be followed in new gl migration for scenario 3.
This will guide you step by step how to create new gl configuration in sap thanks vasu. Sap note 830602 periodic apc posting cost element category 90. Jan 20, 2012 download new general ledger configuration guide in sap ecc 6. It acts as the primary record to maintain all accounting details. 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 figl new. May 23, 2014 document splitting in sap is a new feature. This document explains about new gl concept and configuration in step by step manner with screenshots. 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.
Set up fiap to manage vendors by maintaining payment terms, defining cash discount bases, and releasing invoices. This document help you to understand sap fi new gl configuration in systematic manner and you need not to waste your time in spro for new gl configuration. Enables rapid setup for custom fields in the new gl. Parallel accounting in new general ledger the new gl functions include parallel accounting, its an sap feature where you can maintain different sets of books to satisfy all different requirements of financial statement users accurately, efficiently and effectively. In the new gl scenario, this is clubbed in fi general ledger itself.
Why sap introduced new sap gl sap training tutorials. Standard reports are already available and readily available to use. Now new gl do this activity automatically once configuration is done. Retrieve data for additional functional areas in sap. Parallel accounting in new general ledger sap simple docs. With the fields updated in the scenarios in sap new gl, we can. For user entry ledger view only single entry required, sap will create separate line item based on the predefined criteria general ledger view here the example is based on splitting of vendor amount based on profit center. Sap new gl configuration document e book krisna 11. All necessary sap tax configuration settings have now been completed. Benefits like segment reporting, cost of sale accounting, management reporting, parallel accounting, balanced books are possible with new gl.
If new gl in sap is activated, a financial accounting document always has two views. Jul 28, 2019 scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Spro sap reference img financial accounting new general ledger accounting new business transaction document splitting edit constants for non assigned processes in this step the constants are defined which helps to assigned the default account assignment when is not able to derive from any of the sources. Spro img financial accounting general ledger accounting gl accounts master data preparations gl account creation and processing edit gl account transaction code. Sap fico general ledger accounting configuration steps sap. New gl configuration step by step financial accounting. The data entry view shows a document as it is normally displayed or entered in accounts receivable or accounts payable accounting or in asset accounting. Facilitate increased convergence between financial and management accounting. Sap note 964686 transfer of statistical postings in co to fi. Feb, 2015 new gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. Typically in sap you can depict parallel accounting. Scenarios in sap new gl general ledger accounting skillstek.
For indian companies financial year is april to march. This chart of accounts is assigned to the company code. Download new general ledger configuration guide in sap ecc 6. The fifinancial accounting module is geared for external reporting. 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. Please note that though we cannot define own scenarios, we can use customerspecific fields. 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. In classic gl an extension to the existing functionality is provided or, to perform functionality in classic gl, provide a technologically superior way. Sap fico 2 sap fi has a collection of submodules, as depicted in the following screenshot. Finance accounting general ledger a general ledger contains all the transaction details of a company. After activation of new general ledger accounting, you exit the img screen when you reenter, you find that a new node is added financial accounting. Jumpstart your configuration of vendors, deliveries, invoices, and payments with sap fi accounts payable fiap in this ebite. Define field status variants use in this activity you create a field status variant with the corresponding field status gr.
The new gl functions include parallel accounting, its an sap feature where you can. Configuration and design bonn boston 393 db 3 6611 4. Mitresh is widely acknowledged as a leading sap expert and has been through. With a proper approach to a new gl upgrade or even for companies already on new gl, the leadingpractice processes that a company has built and finetuned for its business can be retainedbut shifted into a new, redesigned and refurbished house. Accomplish segment reporting using document splitting in the. Apr 22, 2014 in sap ecc5 and ecc6 new gl and classic gl are two ways to implement general ledger functionality. In our example, when a user picks any input tax code when posting a document, the system will automatically post to gl account 15. It is one of the most important features of sap new gl, you can configure customised defined fields as per usercustomer requirements. New gl configuration step by step free download as word doc. New gl in sap fico new general configuration in sap fico. The classic general ledger contains all the financial. Summary the note lists the steps to be followed in new gl migration for scenario 3 migration with document splitting. Document splitting allows users to split accounting line items according to specific characteristics.
Configuration sheet displays the master data for fico objects as well as the authorization. Migrate to sap s4hana 1709 from classic gl and subsequently activate the parallel ledger and document splitting through configuration and the data conversion cockpit. This means that the general ledgers of these company codes have identical gl structure. You will reach to change view activation of new gl acg detail screen and tick the checkbox and save. We want to radically simplify the implementation of sap s4hana so that customers enjoy rapid success and payback. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. Custom field auto configuration custom field configuration in sap automatically interrogated. Due to the configuration of the new general ledger, you need a leading ledger to which the following scenarios have been assigned.
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