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Comparative Analysis Between New GL and Classic GL PDF
Comparative Analysis Between New GL and Classic GL PDF
New GL and Classic GL are two ways to implement General Ledger functionality in SAP ECC5 and ECC6. New GL
provides lot of benefits over classic GL. The New GL benefits
It is imperative to understand the differences between Classic and New GL to be able to understand which solution
addresses the business requirements better. I am providing a comparative analysis of the basic differences between
Classic and New GL.
SAP has consolidated the multiple totals table (GLT0, GLPCT, etc) in classic GL into a single FAGLFLEXT Totals
table with New GL. One Summary Table provides flexibility and faster response time for reporting. FAGLFLEXT can
also be enhanced by adding customer defined fields.
IAS accounting standards define the statutory requirements for segment reporting. New GL has document splitting
functionality that enables segment reporting. Standard Segment Reporting functionality is not available in Classic GL.
Classic GL has the period-close reconciliation ledger functionality to synchronize FI and CO for cost transfers across
functional area, business area and company code originating in CO. New GL has a real-time integration between FI
and CO that happens with each transaction originating in CO instead of a summary posting done by reconciliation
ledger during period-close.
New GL provides Non-leading ledgers for parallel accounting like IFRS and GAAP. Parallel accounting can also be
implemented using Account based approach which is also available in classic GL.