Now it is hided in sandbox the tables for new general ledger accounting are activated and updated. The fifinancial accounting module is geared for external reporting. Self learning sap center 2014 sap fico consultant course content 45 hours sap fico course curriculum. In the new gl scenario, this is clubbed in fi general ledger itself. 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. 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. With the fields updated in the scenarios in sap new gl, we can. At this point, all of the gl data should be loaded into the. 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. In the display g\l account centrally screen, enter information in the fields as specified in the table below.
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. Sap fi helps to analyze the financial conditions of a company in the market. The fi chart of accounts represents the list of gl accounts that are used to meet the. Eric bauer and jorg siebert the sap general ledger bonn boston 350 db 3 8510 4. Sap fico training benefits of new gl functionality. Heinz forsthuber, jorg siebert sap erp financials users guide bonn boston 190 db 3 7709 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. Apply to sap consultant, accounting clerk, sap fico and more. This migration function is only available as part of the sap general ledger migration service in the migration cockpit.
Let us first understand the fico module before we actually start configuration. Dec 07, 2011 this allows customers to perform, for example, profit centre accounting and reporting within general ledger. After the activation of new gl, what will be the effect in. Accounting global settings new and general ledger accounting new. Sap fico 1 sap fi stands for financial accounting and it is one of important modules of sap erp. The general ledger is used to record all the business transactions in a software system. Three new tables in the new general ledger handle totals, store generalledger. Enter transaction fs00 into the sap command prompt, click execute.
General ledger accounting figl new sap help portal. With sap ecc new gl, sap customers can add new ledgers which sap calls. With ecc 6 lot of new functionalities are introduced in the general ledger such as new gl. The new general ledger has the following advantages over the classic general ledger in r3 enterprise. Ac212 migration to the new general ledger sap training. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. New gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. Ac210 new general ledger accounting in sap erp sap.
The legacy data transfer occurs in the classic gl accounting the new gl accounting is not active. Classic gl vs new gl sap has consolidated multiple tables in classic gl such as glt0, glpct. Sap fico training benefits of new gl functionality video 53 sap fico for complete course access, you can enroll at. New general ledger accounting in sap erp sap training. Creation of balance sheets at the segment or profitcenter level or balance sheets based on companyspecific or industryspecific entities. The purpose of this ppt is to give a basic understanding and the. Sap fico is the finance and cost controlling module in sap erp where. As a result, reconciliation tasks, for example, between.
New gl merges the classic general ledger with profit center accounting, special ledgers including costof. This allows customers to report, for example, the same general ledger data in multiple fiscal year variants. Classic gl vs new gl sap has consolidated multiple tables in classic gl such as glt0, glpct, glfunct, cofit etc. Performing gl conversions correctly part i sap with david. Sap fico training benefits of new gl functionality video. Oct 09, 2017 sap fico training benefits of new gl functionality video 53 sap fico for complete course access, you can enroll at. Fico new general ledger configuration in sap ecc 6. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. Let us understand this concept of sap new gl structure and its use.
Get an inside look at the sap general ledger the new gl migration process from preparation to golive with this guide. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. The new general ledger in sap erp has the following advantages over the. It is one of the most important features of sap new gl, you can configure customised defined fields as per usercustomer requirements. Sap fico new general ledger accounting my sap erp erp central component ecc 6.
Parallel accounting in new general ledger sap simple docs. Recording all business transactions primary postings as well as. 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. The document splitting with its essential configuration. You will learn complete subscribe my channel for more videos on sap fico and sap. About the book about the ebook 505 pages, hardcover, 1. Let us understand this concept of new gl and its use. The fi standard functions and reports are available for all parallel ledgers. New gl has now an added dimension of profit center and segment accounting in it. This allows customers to perform, for example, profit centre accounting and reporting within general ledger. Activate the new general ledger accounting by a single click on the clock icon2. 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.
Case study new gl implementation page 3 defined to mirror the hfm financial statements for management reporting. If your team is making the migration to the new general ledger, youre going to need a guide. 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. You can jump from the co document to the fi followon document generated in. The central task of gl accounting is to provide a comprehensive picture of external accounting and accounts. 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. The new general ledger provides realtime reconciliation between the controlling and fi modules. Hi, the new general ledger has the following advantages over the classic general ledger in r3 enterprise which is available upto 4. Creation of balance sheets at the segment or profitcenter level. Today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. New gl functionality is very useful for companieswhich have multiple parallel reporting such as local reporting, parent reporting and tax reporting.
An account assignment manual also has to be created. Newgl basic overview erp financials community wiki sap. Within the framework of the following migration from the classic gl accounting to the new gl. 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.
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. The split document is shown in the general ledger view. It is used to store the financial data of an organization. These are used to define, which ledger is to be updated during posting. Master journal vouchers, credit memos, reversals, parking, reference documents, and more. It is one of the most important features of sap new. 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. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. The general ledger accounting functions appear in the sap easy access menu under accounting financial accounting general. Introduction we have pleasure in giving this free ebook to the new aspiring sap fico consultants. Jun 15, 2012 f the new general ledger uses the same interfaces as the general ledger in r3. Sap fi stands for financial accounting and it is one of important modules of sap erp.
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. Introduction this material is applicable for sap ecc 6 version. New gl merges the classic general ledger with profit center accounting, special ledgers including costofsales ledger, and the consolidationstaging ledger see figure 1. The internal management reporting will meet the segment requirements. Why sap introduced new sap gl sap training tutorials. As a result, users do not require any additional training. Document splitting in new gl in sap linkedin slideshare. Typically in sap you can depict parallel accounting.
Jan 20, 2012 the main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. 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. Please note that though we cannot define own scenarios, we can use customerspecific fields. With sap ecc new gl, sap customers can add new ledgers which sap calls parallel accounting into general ledger. 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. The new gl functionality which came into existence from ecc 5. 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.
In the new general ledger, you can display the parallel accounting using parallel accounts as in r3 or using parallel ledgers. New gl functionality new gl functionality by guntupalli hari krishna sap erp t. Sap note 86675 change of ledger sub application in newgl or s4hana. This course provides you with essential knowledge in order to perform a migration project from classic to the new general ledger accounting. The new sap general ledger has following advantages than classic sap gl accounting in r3 systems. Sap ag general ledger accounting fi gl april 2001 3 icons icon meaning caution example note recommendation syntax. Parallel accounting in new general ledger sap materials. The functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. The general ledger accounting functions appear in the sap easy access menu under accounting financial accounting general ledger. Feb, 2015 new gl in sap fico new general configuration in sap fico new gl concept in sap fico duration.
Aug, 2010 the functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. 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. Access the transaction on sap graphical user interface sap gui 2. With this ebite, youll learn how to perform your tasks in sap general ledger figl. The tutorial explains how to create a new ledger account in 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. 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.
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