The new general ledger in mysap erp 2004 has the following advantages over the classic general ledger in r3 enterprise. Download sap materials and books for free sap new gl presentation session sap new gl presentation sapficoconsultant com hello guys, i want a sap ach payment configuration document. It is one of the most important features of sap new gl, you can configure customised defined fields as per usercustomer requirements. Sap finance and controlling fico is the most broadly adopted sap modules. Jan 20, 2012 new general ledger configuration in sap ecc 6. Now we want to create one new company code with new name and want to stop the existing company code transaction. Sap fico transaction codes erp financials community wiki. Sap fico is the finance and cost controlling module in sap erp where fi stands for financial accounting and co stands for controlling. Sap fi co videos 65 hours sap fico course curriculum. Jh softech no1 for sap training, projects sap interview preparation. A chart of accounts can be used by multiple company codes. Benefits like segment reporting, cost of sale accounting, management reporting. Therefore it has to be derived from cost center or order that is linked to asset.
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. Hi, what is the use of new gl concept, i thought it\s help us in segment reporting document slitting, but aggain i was aksed, in 4. 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. Documentsplittinginnewgeneralledger sap simple docs. New gl has now an added dimension of profit center and segment accounting in it. Sap fi helps to analyze the financial conditions of a company in the market. Which tables in classic gl are replaced or effected by activation of 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. May 20, 2009 welcome to the new version of sap community wiki. The new general ledger in sap erp has the following advantages over the classic.
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. Dec 26, 20 sap fico video training new general ledger, segment reporting, validations and substitutions. Sap has consolidated multiple tables in classic gl such as glt0, glpct, glfunct, cofit etc. Fico new general ledger configuration in sap ecc 6. Asset accounting fiaa fi accounts receivable and accounts payable. This means that the general ledgers of these company codes have identical gl structure. May 23, 2014 document splitting in sap is a new feature. General ledger accounting figl new sap help portal. Scenarios in sap new gl general ledger accounting skillstek. In this approach parallel accounting is depicted using an additional ledger. Sap fico gl config part 1 sap fico general ledger configuration part 1. Sap fico video training new general ledger, segment.
If your team is making the migration to the new general ledger, youre going to need a guide. In this img activity, you have to activate document splitting. The data for one accounting principle is stored in the general ledger. Parallel accounting in new general ledger sap simple docs. Sap fico general ledger accounting configuration steps sap. These are used to define, which ledger is to be updated during posting.
Accomplish segment reporting using document splitting in. Sap ag general ledger accounting fi gl april 2001 3 icons icon meaning caution example note recommendation syntax. Activate the new general ledger accounting by a single click on the clock icon2. Sap fico is a module used for financial reporting both externally and internally. Document splitting configuration standard customizing settings in the implementation guide, choose financial accounting newgeneral ledger accounting new business transactionsdocument splitting. Jul 28, 2019 scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Sap fico configuration guidefrom sapficoconsultant com. Ac210 new general ledger accounting in sap erp sap.
Sap new gl as a way station we believe that sap new gl can be seen as an important way station on the journey to sap s4hana only, however, if the upgrade is accompanied by a business transformation or focused efforts at process reengineering see sidebar. Document splitting in sap is the new functionality introduced in sap ecc 6. 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. Folder screenshots sap fico package details name of the item qty 01. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap. Let us understand this concept of new gl and its use.
New general ledger or new gl in the sap erp system offers a powerful feature known as document splitting. In sap erp the document splitting is the most powerful tool is widely and most commonly used. 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. It is used to allocate one expense line item into two segments in new general ledger. This document explains about new gl concept and configuration in step by step manner with screenshots. 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. You will learn complete subscribe my channel for more videos on sap fico and sap. Interview questions, new jobs postings and consulting advice. Top 100 sap fico interview questions and answers pdf. Standard reports are already available and readily available to use. The new gl functionality which came into existence from ecc 5. You can also couple attachments of file types doc, jpg, gif, xls, ppt and pdf.
Asset accounting fi aa fi accounts receivable and accounts payable. The classic general ledger contains all the financial. This chart of accounts is assigned to the company code. It is used to store the financial data of an organization. Why sap introduced new sap gl sap training tutorials. Sap fico video training new general ledger, segment reporting, validations and substitutions for complete recorded training videos, please visit. New gl and classic gl are two ways to implement general ledger functionality in sap ecc5 and ecc6. If new gl in sap is activated, a financial accounting document always has two views.
Introduction this material is applicable for sap ecc 6 version. You can also easily add new gl accounts from scratch or based on existing accounts. 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. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. Document splitting allows users to split accounting line items according to specific characteristics. Enter transaction fs00 into the sap command prompt, click execute. General ledger accounting is integrated with all application components of the sap system that generate posting data of relevance to general ledger accounting. With ecc 6 lot of new functionalities are introduced in the general ledger such as new gl. The internal management reporting will meet the segment requirements outlined by the steering committee. Migration from classic gl to new gl advantages are 1. Download as doc, pdf, txt or read online from scribd. We are going for new gl activation from the classic gl a fresh implementation. Your contribution will go a long way in helping us. The new sap general ledger has following advantages than classic sap gl accounting in r3 systems.
New gl functionality is very useful for companieswhich have multiple parallel reporting such as local reporting, parent reporting and tax reporting. New gl configuration step by step financial accounting. You will learn complete subscribe my channel for more videos on sap fico and sap hana finance. Currently, r3 customers have to implement several sap components in order to fulfill international and industryspecific accounting requirements. 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. Nov 30, 2018 this video explains new gl concept in sap fico. For the new gl we need to rewrite the custom reports. Hi, the new general ledger has the following advantages over the classic general ledger in r3 enterprise which is available upto 4.
This ledger is known as the leading ledger or leading valuation view. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. It is an important rebuild from sap which address many yearend closing issues as well as regulatory requirements primarily coming from accounting. In the new gl scenario, this is clubbed in fi general ledger itself. Here, you cover sap fi document split and the segment via segment field which is a standard field in the totals table in the new. The tutorial explains how to create a new ledger account in sap. Efficient solutions were designed for the legacy data conversions, upload of gl balances, the ap and ar open items. This course provides you with knowledge around the concepts of new general ledger accounting. 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. 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. The fi standard functions and reports are available for all parallel ledgers. Typically in sap you can depict parallel 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. Sap fico videos 65 hours sap fico course curriculum. Today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. This means that all postings that originate in other submodules of sap will be automatically transferred to gl during day. You will learn about the extended totals table dataset, document splitting, realtime integration of co with fi, and parallel ledgers. In the new general ledger, you can display the parallel accounting using parallel accounts as in r3 or using parallel ledgers. Document splitting in new general ledger sap blogs. Starting with constructing concepts, the author provides. Document splitting in sap new gl sap fico tutorials. New general ledger accounting in sap erp sap training.
To ease this problem, sap has created a new, flexible general ledger solution in sap erp. Bwbct fi gl general ledger skip to end of metadata. With the transactional app manage gl account master data, you can find, create, display, and edit the master data of gl accounts. New gl in sap fico new general configuration in sap fico. This ebook is designed for beginners as well as for intermediate learners. Case study new gl implementation page 3 defined to mirror the hfm financial statements for management reporting. The intention behind sap new gl configuration is to combine the features of. To do away with the above approach sap has now introduced the new gl. This page provides general information about financial account general ledger data extraction. 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. 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. It is one of the very important and widely implemented modules in sap. Facilitate increased convergence between financial and management accounting.
It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. 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. Sap simple finance 3 with sap s4 hana, sap is providing a new product and a next generation of business applications simple enterprise software for big data and is designed to help you run. This way users can create financial statements for entities such as segments and meet the legal requirements. Secondary cost elements are now also integrated in the chart of accounts. Dec 07, 2011 blogs on document splitting at au document splitting is a very powerful feature delivered by sap ecc. The objective is to record all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. The splitting method used is the sap standard one, which contains the splitting rules for the different business transactions. Sap fico module is very robust and covers almost all business process encountered in various industries. 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. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. New general ledger or new gl in the mysap erp system offers one of the most.
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