1. New GL/Parallel ledger is also called multiple ledger functionality.

Using this functionality we can

update different ledgers maintained according to different fiscal year variant at same time.

2. Fiscal year variant K4 (US) Jan – Dec, V6 (UK) July – June, V3 (IND) April – March.

3. Before use of New GL ledger (ECC 6) 2006, use Special purpose ledger (4.7 EE).

4. The ledger maintained according to accounting principle of the home country of the company
code is called leading ledger & the ledger maintained to meet the requirements of other accounting
principle is called non leading ledger.

5. The ledger group should contain one leading ledger but it can contain any no. of non leading
ledger.

6. At the time of posting the business transaction if no ledger group is specified, the system updated
the entire ledger both leading ledger & non leading ledger report.

7. Configuration steps – Activate new general ledger accounting, define ledger for general ledger
accounting, define & activate non leading ledger, define ledger group, define document types entry
view in general ledger, define document types for general ledger view, define document no. ranges
for entry view, define document no. ranges for general view, posting the transaction (FB01L), Display
balances in leading ledger (FGLB03) in FS10N no choose for ledger so we see in FBLB03.

8. To generated financial statements – S_ALR_87012284.

9. Entry view – it is the display of the document as it is posted in the subsidiary ledgers that is AP,
AR, AA. (Vendor) in FB03 we see.

10. General view – it is the display of the documents posted in the subsidiary ledger from the general
ledger point of view. (Sundry creditor) in FB03 we see.

11. Difference between classical & NEW GL

In classical GL account an extension to the existing functionality is provided for synchronised FI &
CO, here using special purpose ledger, but in NEW GL concept its provide Document splitting,
integration with CO & parallel ledger.