General ledger accounting figl new sap help portal. Sap fico is the finance and cost controlling module in sap erp where. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. Aug, 2010 the functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. Heinz forsthuber, jorg siebert sap erp financials users guide bonn boston 190 db 3 7709 6. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. The split document is shown in the general ledger view. Oct 09, 2017 sap fico training benefits of new gl functionality video 53 sap fico for complete course access, you can enroll at. The fi standard functions and reports are available for all parallel ledgers. 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. Detail general ledger media library pdf file new general ledger accounting and sap industry solutions in the media library, you can also find other sources of interesting information relating to new general ledger accounting, as well as some recorded system demos that you can view using the sap tutor player. This course provides you with essential knowledge in order to perform a migration project from classic to the new general ledger accounting. Newgl basic overview erp financials community wiki sap. The general ledger accounting functions appear in the sap easy access menu under accounting financial accounting general ledger.
Now it is hided in sandbox the tables for new general ledger accounting are activated and updated. Hi, the new general ledger has the following advantages over the classic general ledger in r3 enterprise which is available upto 4. The new general ledger splitting functionality means that the profit centre partner profit centre dimensions can also be balanced in real time rather than via periodic proceses. It is one of the most important features of sap new. As a result, reconciliation tasks, for example, between. Feb, 2015 new gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. Hi, since version 0 has both plan and actual data and all other versions 1,2, 3, etc only have plan data when you run new gl planactual comparison report using tran code. 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.
This allows customers to report, for example, the same general ledger data in multiple fiscal year variants. New gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. Due to the temporary closure of training centers current status here, all planned classroom training courses in the affected countries have been converted to our. As a result, users do not require any additional training. An account assignment manual also has to be created.
Dec 07, 2011 this allows customers to perform, for example, profit centre accounting and reporting within general ledger. In the new general ledger, you can display the parallel accounting using parallel accounts as in r3 or using parallel ledgers. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. The new sap general ledger has following advantages than classic sap gl accounting in r3 systems. Parallel accounting in new general ledger sap simple docs.
Classic gl vs new gl sap has consolidated multiple tables in classic gl such as glt0, glpct. The purpose of this ppt is to give a basic understanding and the. New gl functionality new gl functionality by guntupalli hari krishna sap erp t. Document splitting in new gl in sap linkedin slideshare. Case study new gl implementation page 3 defined to mirror the hfm financial statements for management reporting. Today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. The fifinancial accounting module is geared for external reporting. Jan 20, 2012 the main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. Three new tables in the new general ledger handle totals, store generalledger.
Sap fico new general ledger accounting my sap erp erp central component ecc 6. To ease this problem, sap has created a new, flexible general ledger solution in sap erp. Sap fico tolerance group for gl account learn sap fico in simple and easy steps from basic to advanced concepts with clear examples including introduction, sub components, company, company code, assign company code to company, business area, consolidated business area, assign business area to consolidated business area, functional area, financial management area, assign company code to. The functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. The legacy data transfer occurs in the classic gl accounting the new gl accounting is not active. Activate the new general ledger accounting by a single click on the clock icon2. Sap fico 1 sap fi stands for financial accounting and it is one of important modules of sap erp.
Ac212 migration to the new general ledger sap training. The general ledger is used to record all the business transactions in a software system. You will learn the services offered by sap and how to implement the steps necessary for a new gl migration with migration scenarios 1 5. The new general ledger provides realtime reconciliation between the controlling and fi modules. Recording all business transactions primary postings as well as. This migration function is only available as part of the sap general ledger migration service in the migration cockpit. Creation of balance sheets at the segment or profitcenter level or balance sheets based on companyspecific or industryspecific entities.
The central task of gl accounting is to provide a comprehensive picture of external accounting and accounts. With the fields updated in the scenarios in sap new gl, we can. Get an inside look at the sap general ledger the new gl migration process from preparation to golive with this guide. Typically in sap you can depict parallel accounting. With sap ecc new gl, sap customers can add new ledgers which sap calls. New gl functionality is very useful for companieswhich have multiple parallel reporting such as local reporting, parent reporting and tax reporting. Why sap introduced new sap gl sap training tutorials. Ac210 new general ledger accounting in sap erp sap. Sap will carry over the split on the vendor line item from the preceding process vendor invoice process and will split the vendor line in the payment document in the same ratio. The new gl functionality which came into existence from ecc 5. Sap note 86675 change of ledger sub application in newgl or s4hana. The general ledger accounting functions appear in the sap easy access menu under accounting financial accounting general. With this ebite, youll learn how to perform your tasks in sap general ledger figl.
It is used to store the financial data of an organization. Enter transaction fs00 into the sap command prompt, click execute. If your team is making the migration to the new general ledger, youre going to need a guide. Let us understand this concept of new gl and its use. Master journal vouchers, credit memos, reversals, parking, reference documents, and more.
The fi chart of accounts represents the list of gl accounts that are used to meet the. Fico new general ledger configuration in sap ecc 6. Sap fi helps to analyze the financial conditions of a company in the market. This step is usually done with an lsmw that injects the standard gl posting program, but ive also seen other methods such as idocs and recordings. Sap fico training benefits of new gl functionality. In the display g\l account centrally screen, enter information in the fields as specified in the table below. After the activation of new gl, what will be the effect in.
Eric bauer and jorg siebert the sap general ledger bonn boston 350 db 3 8510 4. New gl merges the classic general ledger with profit center accounting, special ledgers including costof. Introduction this material is applicable for sap ecc 6 version. The ledgers in new general ledger accounting must be defined before the first posting to the new fiscal year and they must be assigned to the depreciation areas in fiaa. Sap fico training benefits of new gl functionality video. Jun 15, 2012 f the new general ledger uses the same interfaces as the general ledger in r3. Accounting global settings new and general ledger accounting new. Let us first understand the fico module before we actually start configuration. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. The tutorial explains how to create a new ledger account in sap. Then explore transactions and reports you can use to troubleshoot gl account issues. New gl has now an added dimension of profit center and segment accounting in it. The new general ledger has the following advantages over the classic general ledger in r3 enterprise. Apply to sap consultant, accounting clerk, sap fico and more.
Sap fico training benefits of new gl functionality video 53 sap fico for complete course access, you can enroll at. At this point, all of the gl data should be loaded into the. Due to the temporary closure of training centers current status here, all planned classroom training courses in the affected countries have been converted to our virtual learning method sap live class until further notice thus the original offer is still fully available in these countries. Sap ag general ledger accounting fi gl april 2001 3 icons icon meaning caution example note recommendation syntax. Enterprise services documentation highlyintegrated web services combined with business logic and semantics that you can access and use repeatedly to support a particular business process. This allows customers to perform, for example, profit centre accounting and reporting within general ledger. New general ledger accounting in sap erp sap training. You will learn complete subscribe my channel for more videos on sap fico and sap. 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 always complete and accurate. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. Access the transaction on sap graphical user interface sap gui 2. Creation of balance sheets at the segment or profitcenter level. Performing gl conversions correctly part i sap with david.
The new general ledger in sap erp has the following advantages over the. 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. In the new gl scenario, this is clubbed in fi general ledger itself. Parallel accounting in new general ledger sap materials. Classic gl vs new gl sap has consolidated multiple tables in classic gl such as glt0, glpct, glfunct, cofit etc. Introduction we have pleasure in giving this free ebook to the new aspiring sap fico consultants. 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. Self learning sap center 2014 sap fico consultant course content 45 hours sap fico course curriculum.
You can jump from the co document to the fi followon document generated in. Sap fi stands for financial accounting and it is one of important modules of sap erp. It is one of the most important features of sap new gl, you can configure customised defined fields as per usercustomer requirements. About the book about the ebook 505 pages, hardcover, 1. Within the framework of the following migration from the classic gl accounting to the new gl. 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. New gl merges the classic general ledger with profit center accounting, special ledgers including costofsales ledger, and the consolidationstaging ledger see figure 1. The document splitting with its essential configuration. These are used to define, which ledger is to be updated during posting. With ecc 6 lot of new functionalities are introduced in the general ledger such as new gl. Let us understand this concept of sap new gl structure and its use.
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