Why New GL????

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
Benefits:
Benefits li!e Segment Reporting, Cost of Sale Accounting, "anagement Reporting,
Parallel Accounting, Balanced Boo!s are possible with New GL
Acti#ating General Ledger Accounting
To ma!e the settings and use the functions in General Ledger Accounting, $ou ha#e to
acti#ate it To do this, in Customi%ing choose &inancial Accounting &inancial
Accounting Global Settings Acti#ate New General Ledger Accounting 'or T Code
&AGL(ACT)*AT)+N,
'This is alread$ done in our sandbo-,
Acti#ating General Ledger Accounting has the following effects.
/ The Customi%ing settings for General Ledger Accounting appear in the SAP
Reference )"G 0ou access the settings under Financial Accounting (New, Financial
Accounting Global Settings (New) and General Ledger Accounting (New)
/ The General Ledger Accounting functions appear in the SAP Easy Access menu
under Accounting Financial Accounting General Ledger 'Now it is hided in
Sandbo-,
/ The tables for new General Ledger Accounting are acti#ated and updated
&AGL&L12T 3 Totals 4ata Table
&AGL&&L12P 3 Plan Line data Table
&AGL&12A 3 Actual Line data table
&AGL(SPL)N&+(&AGL(SPL)N&+(*AL 3 Splitting data table
)n the standard s$stem, the tables from classic General Ledger Accounting 'GLT5,
are updated as well as the tables in new General Ledger Accounting during the
acti#ation This enables $ou to perform a ledger comparison during the implementation
of new General Ledger Accounting to ensure that $our new General Ledger Accounting
has the correct settings and is wor!ing correctl$ To compare ledgers, in Customi%ing
choose Financial Accounting Global Settings (New, Tools Compare Ledgers
4eacti#ating the updatation of tables for classic General Ledger Accounting &inancial
Accounting Global Settings 'New, Tools 4eacti#ate 6pdate of Classic General
Ledger
The basic CONFIGURATION steps in New GL
1. efine Le!"e# f$# Gene#a% Le!"e# Acc$&ntin"
&7A 'New, 8 &AGS7 'New, 8 Ledgers 8Ledger 8 4efine Ledgers for General Ledger
Accounting
Clic! on New
Clic! on
I'p$#tant N$tes:
9e can use se#eral ledgers in parallel
This allows $ou to produce financial statements according to different accounting
principles, for e-ample
0ou must designate one ledger as the leading ledger
Leading Ledger. The leading ledger is based on the same accounting principle as
that of the consolidated financial statements )f $ou use the account approach
for parallel accounting, $ou post all data to the leading ledger
This leading ledger is integrated with all subsidiar$ ledgers and is updated in all
compan$ codes This means that it is automaticall$ assigned to all compan$
codes
)n each compan$ code, the leading ledger recei#es e-actl$ the same settings
that appl$ to that compan$ code. the currencies, the fiscal $ear #ariant, and the
#ariant of the posting periods 0ou can define a second and third parallel
currenc$ for $our leading ledger for each compan$ code )n Customi%ing for
Financial Accounting (New), choose Financial Accounting Global Settings
(New) Ledgers Ledgers Define Currencies of Leading Ledger.
(. efine C&##encies f$# Lea!in" Le!"e#:
&inancial Accounting 'New,8&AGS 'New,8Ledgers8Ledger84efine currencies of the
leading ledger
Clic! on
)t Gi#es 5:
st
Local Currenc$ Automaticall$
Give Com
Name and
Press Enter
1nter the Second Currenc$ and Sa#e
). Assi"nin" *cena#i$s t$ Le!"e#
&inancial Accounting 'New,8&AGS 'New,8Ledgers8Ledger8Assign scenarios ;
Customer fields to ledger
Scenario defines which fields are updated in the General Ledger during postings
from other applications
SAP deli#ers se#eral pre defined scenarios 9e cannot define our own scenario
"ultiple scenarios can be assigned to the leading ledger simultaneousl$
Select the ledger to which $ou want to add scenarios
Clic! on
New 1ntries
Add scenario $ou wanted
And then Sa#e
+. efinin" *e"'ent
1nterprise Structure84efinition8&inancial Accounting 84efine segment
,. Acti-ate $c&'ent *p%ittin":
&A'N,8GLA'N,Business Transactions8 4ocSplitting 8Acti#ate 4oc Splitting
4ocument splitting is used to split document line items along a particular
dimension to ensure balanced financial statements for that dimensions Possible
dimensions are Segment, Profit Centre, Business Area
.. C%assify G/L Accts f$# $c&'ent *p%ittin":
&inancial Accounting 'New,8General Ledger Accounting 'New,8Business
Transactions84ocument splitting8 Classif$ G7L Accts for 4ocument Splitting
Gi#e $our chart of accounts
Clic! on
Clic! on
0. C%assify $c&'ent Types F$# $c&'ent *p%ittin":
&inancial Accounting 'New,8General Ledger Accounting 'New,8Business
Transactions84ocument Splitting8 Classif$ 4ocuments T$pes for 4ocument Splitting
4efine <ero Balancing Clearing Account.
&inancial Accounting 'New,8General Ledger Accounting 'New,8Business
Transactions84ocument splitting84efine <ero Balance Clearing Account
Select row item
Clic! on left tab =Accounts>
Gi#e $our chart of accounts
Clic! on
Gi#e GL Account for <ero Balance Account
Clic! on Sa#e
1. 2FIN2 OCU32NT *4LITTING C5ARACT2RI*TIC* FOR G2N2RAL L2G2R
ACCOUNTING:
&inancial Accounting 'New,8General Ledger Accounting 'New,8Business
Transactions84ocument splitting84efine 4oc Splitting Characteristic for General Ledger
Accounting
)n the abo#e path $ou specif$ for which characteristics $ou want to perform document
splitting in General Ledger Accounting 0ou can define the following.
9hether $ou want to appl$ a 6e#$ ba%ance settin" for the characteristic
9hether $ou want to use a pa#tne# fie%! to document a sender7recei#er
relationship in the clearing lines generated additionall$ in the document
9hether $ou want the characteristic to be a #e7&i#e! ent#y fie%! 'whereb$ the
s$stem onl$ accepts postings when this field can be filled with a #alue from the
document splitting,
A#ailable options are li!e abo#e 9e maintain Standard Settings
)f $ou ha#e not $et entered an$ characteristics, the s$stem proposes appropriate fields
that are updated in $our ledgers
8. 2FIN2 OCU32NT *4LITTING C5ARACT2RI*TIC* FOR CONTROLLING
&inancial Accounting 'New,8General Ledger Accounting 'New,8Business
Transactions84ocument splitting84efine 4oc Splitting Characteristic for Controlling
19. Financia% Acc$&ntin" 'New,8&AGS 'New, 4ocs 84efine 4oc t$pes for General
Ledger *iew
Clic! on
And define number Ranges
11. Acti-atin" N$n Lea!in" Le!"e#
Select $our non leading ledger
Clic! on New 1ntries
2N U*2R TRAN*ACTION*
FB.9 : 2nte# ;en!$# In-$ice
C%ic< $n
C%ic< $n t$ see N$n %ea!in" %e!"e# p$stin"
FB .9 = Withh$%!in" ta> -en!$#
isp%ay the !$c&'ent
FB,9 = 2asy p$stin" f$# In-$ice
?This is f$# @e#$ Ba%ancin"A
Rep$#ts : efine Cha#acte#istic that can be se%ecte! !yna'ica%%y
C%ic< $n
FAGLB9): is f$# isp%ay ba%ances Cha#acte#isticwise