New gl concept in sap fico this video explains new gl concept in sap fico. What is document splitting configuration settings in sap. This document help you to understand sap fi new gl configuration in systematic manner and you need not to waste your time in. Hi, the new general ledger has the following advantages over the classic general ledger in r3 enterprise which is available upto 4.
The fi standard functions and reports are available for all. Sap fico transaction codes erp financials community wiki. Let us understand this concept of sap new gl structure and its use. Three new tables in the new general ledger handle totals, store generalledger. The new general ledger covers all the functions that were previously implemented by the use of separate ledgers like the costs of sales ledger.
Posting of transactions by using recurring document templates by way of batch input session. The new general ledger accounting contains the entire functional range of the classic general ledger accounting. May 23, 2014 document splitting in sap is a new feature. Concept of the new general ledger in sap sap training hq. Sap new gl configuration document this document explains about new gl concept and configuration in step by step manner with screenshots. Sap fi helps to analyze the financial conditions of a company in the market. The new general ledger has the following advantages over the classic general ledger in r3 enterprise. 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. Activate the new general ledger accounting by a single click on the clock icon2. Concept of the new general ledger in sap sap training. Posting of a document with reference to sample document or f02. Nov 30, 2018 this video explains new gl concept in sap fico. 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.
The new general ledger is activated automatically during an upgrade. Concept can be explained of document splitting with the help of one of the most basic business transaction as vendor invoice. Posting of sale or purchase invoice to check input and output taxes. The new general ledger in mysap erp 2004 has the following advantages over the. Architecture sap retained the fi tables bseg and bkpf and introduced new tables faglflext and faglflexa to store the document split information. 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. It is used to store the financial data of an organization. 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 general ledger is used to record all the business transactions in a software system.
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. For indian companies financial year is april to march. Sap ag general ledger accounting fi gl april 2001 3 icons icon meaning caution example note recommendation syntax. Newgl basic overview erp financials community wiki sap. Creation of balance sheets at the segment or profitcenter level or balance sheets based on companyspecific or industryspecific entities. 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. Which means you can carry out valuations and closing operations for a company code according to local accounting principle and a second accounting principle parallel i. Document splitting in new general ledger sap blogs. Comparison between new gl and classic gl functionalities in sap.
Facilitate increased convergence between financial and management accounting. The new general ledger in sap erp has the following advantages over the classic. Jan 10, 20 sap recommends the use of the new general ledger functionality because of the many advantages it has to offer. Furthermore, it helps other sap departments with developing on and for the linux platform and processes linuxspecific support problems internal ones, as of external. Discuss business intelligence, integration, compliance and a host of other saprelated topics implementation, best practices and resources to negotiate the world of sap better. List out the benefits of new general ledger in sap. If an indian company is registered in us stock exchange, it has to submit reports to stock exchange according to the. Let us understand this concept of sap new gl structure and its use typically in sap you can depict parallel accounting. Jun 15, 2012 the new general ledger has the following advantages over the classic general ledger in r3 enterprise. 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. Jul 28, 2019 scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Migration from classic gl to new gl advantages are 1.
New gl and classic gl are two ways to implement general ledger functionality in sap ecc5 and ecc6. Today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. Your desired concept for the new gl determines the migration scenario. Aug, 2010 the functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. Oct 05, 2012 sap new gl configuration page 11 of 282. In sap fico, sap fi take cares about accounting, preparation of financial statements, tax computations etc, while sap co take cares of inter orders, cost sheet, inventory sheet, cost allocations etc. Sap fico training material and concepts leading it. Posts about sapnew general ledger written by jayanth maydipalle. In simple finance sap has now introduced the concept of appendix ledger which substantially reduces data foot print. Sap new gl as a way station we believe that sap new gl can be. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. It is important to understand when to use appendix ledger.
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. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. Standard reports are already available and readily available to use. Sap fico 1 sap fi stands for financial accounting and it is one of important modules of sap erp.
Accounting global settings new and general ledger accounting new. The sap linuxlab assists in the releasing of sap software on linux and drives the porting of sap software to new platforms, like the intel itanium or ibm power pc. All of this has been covered in detailed in the sap simple finance training for new gl material. 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. In the new general ledger, you can display the parallel accounting using parallel accounts as in r3 or using parallel ledgers. The general ledger accounting functions appear in the sap easy access menu under accounting financial accounting general ledger. Please note that though we cannot define own scenarios, we can use customerspecific fields. Existing customers can continue to use the classic general ledger or they can migrate to the new general ledger. Dec 26, 20 for complete recorded training videos, please visit sap courses sap fico courseonline tesco uk is the registered. Document splitting in new gl in sap linkedin slideshare. In new general ledger accounting, you can manage up to three valuation views in parallel to support transfer prices. Reset transaction data delete transaction data in a company code. For complete recorded training videos, please visit tesco uk is the registered. You will learn complete subscribe my channel for more videos on sap fico and sap.
What is document splitting configuration settings in sap fico. 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 operational areas of a company ensures that the accounting data is. Sap recommends the use of the new general ledger functionality because of the many advantages it has to offer. 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. New gl in sap fico new gl concept in sap fico youtube. The new general ledger in mysap erp 2004 has the following advantages over the classic general ledger in r3 enterprise. Apply to sap consultant, sap fico, accounting consultant and more.
Sap fico interview questions and answers pdf updated. These are used to define, which ledger is to be updated during posting. Typically in sap you can depict parallel accounting. 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. General ledger is a comprehensive financial management solution that dramatically enhances financials controls, data collection, information access and financial reporting through the organization. Sap fico general ledger class 1 sap fico general ledger to get all complete videos please go to facebook page like it and share it if you.
Oct 15, 20 the new general ledger in mysap erp has the following advantages over the classic general ledger in r3 enterprise. Let us understand this concept of new gl and its use. Parallel accounting in new general ledger sap simple docs. Now it is hided in sandbox the tables for new general ledger accounting are activated and updated. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Introduction this material is applicable for sap ecc 6 version. Scenarios in general ledger accounting new gl concept. Sap simple finance s4 hana finance basics part 1 this video talks about how s4 hana finance is different from ecc. Sap fico video training new general ledger, segment. Scenarios in sap new gl general ledger accounting skillstek. In the new gl scenario, this is clubbed in fi general ledger itself.
You will learn complete subscribe my channel for more videos on sap fico and sap hana finance. It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. The fi standard functions and reports are available for all parallel ledgers. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. New gl in sap fico new general configuration in sap fico. Sapfico video tutorial new general ledger migrationfico advantages in.917 1454 401 1220 743 1238 1348 600 1040 1513 393 1420 1080 18 863 1277 1329 223 164 361 1248 347 223 1401 608 406 117 969 872 1086 1025 583 1209 414 576 1045 344 84 203 40