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. Finance accounting general ledger a general ledger contains all the transaction details of a company. Figure 2 new general ledger a unified approach about this book target audience of this book this book is intended for readers with a good knowledge of the sap application financial accounting and of generalledger accounting. Sap fi organizational structure consists of client, chart of depreciation, chart of accounts, credit control area, business area, and company code. Sap menu tools acceleratedsap customizing spro edit project configuration for all the modules will be done here. This had reconciliation issues between the various reporting. Useful documents to introduce you sap new general ledger. Let us first understand the fico module before we actually start configuration. In sap, a general ledger account is identified with a number having from 1 to 10 digits. Transfer of gl master from source sap system to a target. Creating new financial reporting structures or copying templates. We want to radically simplify the implementation of sap s4hana so that customers enjoy rapid success and payback.
After completing the blueprint and starting with the required customizing accompanied by experienced consultants, the sap general ledger migration service can be ordered by completion of a questionnaire. Many new features has been introduced which provides great benefits for companies like increased integration, accelerated closing, ease of producing parallel accounts etc. In that case, gl account line item display would be done via transaction fagll03, not fbl3n. Realization configure blueprint requirements according to major scope and rem aining scope. New gl migration overview enterprise resource planning. Parallel accounting in new general ledger sap simple docs. Sap customizing img enterprise structure definition financial accounting define segment. Sap fico 2 sap fi has a collection of submodules, as depicted in the following screenshot. Home using the financial information management application with sap erp about sap ecc datasources configuration of the new general ledger. In this case it is inr indian rupees since the company is located in india. These are used to define, which ledger is to be updated during posting. Realization configure blueprint requirements according to major scope and remaining scope. It is one of the most important features of sap new gl, you can configure customised defined fields as per usercustomer requirements. Organizational units include legal company entities, sales offices, profit centers, etc.
Please note that though we cannot define own scenarios, we can use customerspecific fields. This allows customers to migrate their existing process and system landscape to the solution and data structures of s4hana. Our consolidated financial statements in accordance with international financial reporting standards ifrs endorsed by the european union eu. Ac210 new general ledger accounting in sap erp sap training. This means that the general ledgers of these company codes have identical gl structure. In sap ecc5 and ecc6 new gl and classic gl are two ways to implement general ledger functionality.
An activated new general ledger only forces the usage of its new data model, it is not. However, we have done only technical upgrade from earlier 4. With new gl structure now, no separate gl codes are required. The document header is a part of the document that contains information that. All sap transaction codes with report and description from f to h. With this new app, you can download a template file or a file with existing master data, enter or change the.
The new sap general ledger has following advantages than classic sap gl accounting in r3 systems. There are many questions in my company on the benefits, costs, timing, prerequisites, resource requirements, etc. The general ledger is used to record all the business transactions in a software system. Enhancements in new general ledger accounting irreversible. In classic gl an extension to the existing functionality is provided or, to perform functionality in classic gl, provide a technologically superior way. Benefits like segment reporting, cost of sale accounting, management reporting, parallel accounting, balanced books are possible with new gl. Vendor down payment fbba sapmfks0 display acct determination config.
Some of the elements of financial accounting fi organizational structure are shared with other modules of sap erp e. Here is a diagram illustrating sap fi organizational. New gl migration overview free download as powerpoint presentation. Transfer of gl master from source sap system to a target sap system through idocs applies to. For more information, visit the enterprise resource planning homepage. 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.
These accounts are used to come up with financial statements for internal and external reporting. This document relates to new general ledger configuration nagra iv pdf step by step. Configuration prevents direct postings to reconciliation accounts thereby assisting in maintaining integrity of the data. Introduction we have pleasure in giving this free ebook to the new aspiring sap fico consultants. Guided configuration follows the principle of a system driven implementation. The latest generation of erp sap s4hana finance revisits this goal. Sap note 996852 down payment on auc and document splitting. You configure separate ledgers for each reporting and manage it. Define your safety instruction structures in customizing for environment, health. Earlier all this was only possible by creating separate gl codes and different retained earning accounts. Sap actual costingmaterial ledger configuration for doing the configuration we use the following path on the sap application screen. This tutorial explains sap sd configuration step by step guide which includes topics such as creating sales relevent organisation units, assigning organisational units, creating master data, sales order creation and understanding the sales order table of contents. The functionality can help one to create balance sheets for entities that exist beyond the scope of the company code.
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. Rfposxext is used for displaying line items in these transactions. With the fields updated in the scenarios in sap new gl, we can. The new gl functions include parallel accounting, its an sap feature. Creation of balance sheets at the segment or profitcenter level or balance sheets based on companyspecific or industryspecific entities. This chart of accounts is assigned to the company code. Some of these features in new general ledger are document. Its goals are to provide recommendations on the design of new gl and to explain its configuration in detail.
Here you can see all sap transaction codes and the called reports including a short. Click on address and update the following fields new gl configuration page 11 of 350. Why sap introduced new sap gl sap training tutorials. The new sap hana database technology facilitates compressing financial data to a fifth of the initial size.
Sap abap application component figl general ledger. Newgl basic overview erp financials community wiki sap. New gl configuration sap pdf sap best practices activating new general ledger b98. You can download the migration template using the prepare for data migration activity in the prepare phase, or using the perform data extraction activity in the. Global settings for financial accounting in sap erp. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. Three new tables in the new general ledger handle totals, store generalledger. Sap note 964686 transfer of statistical postings in co to fi. Sap new gl configuration an introduction sap fi co.
Standard reports are already available and readily available to use. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. Edit financial reporting structures sap help portal. After watching this video you would be able to work on sap fi organisational structure. Sap help overview sap best practices for sap s4hana, onpremise edition. Sap note 830602 periodic apc posting cost element category 90. 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. Since the release of sap r3 in 1993, the most extensive changes on gl was done with the advent of new gl. It acts as the primary record to maintain all accounting details. Sap abap application component figl general ledger accounting sap datasheet the best online sap object repository. Enterprise structure in sap is an organizational diagram that shows how the whole group is mapped in sap. What are the general requirements to migrate to the new gl. Fields of origin in the extraction structure general ledger. From a finance prespective, a complete new organization structure is created keeping in mind the business processes that are followed in the organization.
Various additional functionalities with the introduction of. What are the most compelling reasons to go to the new general ledger. Definition of charts of accounts, financial reporting structures, and account determination. Download new general ledger configuration guide in sap ecc 6. Outlining the functionality of new general ledger accounting. This is much less timeconsuming than creating a new company code. The new gl implementation project starts with the definition of a new gl concept. Pdf 6 rules for implementation of the general ledger in sap erp. An sap general ledger account is an account that is updated each time a user posts a financial transaction in sap system. Checking the basic settings in new general ledger gl accounting. Sap note 49127 cost center account assignmnts in asset accounting.
This document explains about new gl concept and configuration in step by step manner with screenshots. So once you activate new gl in sap use can use document splitting rule. Sap fi organizational structure free sap fi training. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Between rfposx and the table entries in t021s line layout variant special fields, structure rfposxext is generated. A chart of accounts can be used by multiple company codes. Managing organizational units in financial accounting fi. Rffrpcd1 download documents fbf5 rffr2c01 reports minus vendor. For this, you need to set up a zero balance setting for the segment characteristic. What are the typical risk factors for new gl migrations.
Explaining the functionality and architecture of new asset accounting. Spro enterprise structure definition financial accounting edit, copy, delete company code. You can define multiple sets of books with different settings. After activation of new general ledger accounting, a new sub node appears in the img structure. The fifinancial accounting module is geared for external reporting.