Answer / aruna

Hi ,

In our Yesterday's FB conversation You asked me about New GL .Now, Please let me explain you

New GL is important in the below scenarios .

1. we can prepare local company report/financial statements (eg. currency INR, Fiscal year k4 i.e jan to dec)

2. we can prepare group company report/financial statements (eg. currency eur, Fiscal year V3 i.e Apr to Mar)

3. we can prepare Local tax report/financial statements (eg. currency INR, Fiscal year V3 i.e Apr to Mar)

Advantages are

1.we have to maintain one chart of accounts (eg. 6000)

2.we can maintain Two fiscal years

3.we can maintain more than one currency (eg. EUR,INR)

Now a client can prepare 3 reports for one fiscal year with respective Exiting GL accounts.

Disadvantages in classic Gl

In classic GL Client can prepare only one report i..e legal local report .
if client wants to get more than one financial statement again need to create other gl accounts as same as existing gls (eg. TAx report )
It is duplication of data & will be difficult in reconciliation a/c types,open item accounts etc...

New GL has new concepts like

Document splitting
Ledger groups
parallel curriencies
expenses/revenues allocated among b'ness area,segment,profit center,cost of sales etc.... with one time posting of JV.

here we should mention clearly under which category Financial Statements need to prepare eg. IAS,IFRS,GAAP

Configuration of NEW GL settings

1. first we need to activate NEW Gl

2. Balances should be Zero,

3.Classic Gl Data can migrate to NEW GL

4.once we migrated Data to new gl , classic gl will be deactivate

5. but we should be careful in customer and vendor data as they are reconciliation account types.

Regards,
Aruna .

Answer / satish

Main difference is 4.7 to ECC6 are below furnished

1) Parlal ladger
2) Document Splitting
3) Segment reporting
4) online FICO reconcilation

segments in customer $ vendors?

3 Answers   HCL,

---

what is open line item management..? what do you mean by clearing open line item..?

6 Answers  

---

foreign currency revaluation why it is required ?

4 Answers  

---

What is individual processing of gl accounts? : fi- general ledger

0 Answers  

---

hi any body help me what is app run how it works in f110 please help me

1 Answers  

---

Dear experts can you please explain to me whether a vendor/customer master data have 2 different terms of payment in the company code segment and the purchasing organization/sales area segment simultaneously??

0 Answers  

---

Hi all can anybody help me...i am getting the following error when i am creating the GL ac for Vendor Recon ac,(only balance in local currency is selected) ...."Balances for reconciliation accounts only in local currency not defined" Message No fh061, however when i deselect the 'only balance in local currency' system is allowing me to save. should we not select 'only balance in local currency for recon accounts?'...help me please. Thanks Rajendran.

1 Answers  

---

How can we implement sap project from different places?

0 Answers  

---

difference between base line date and value date?

0 Answers  

---

tell me about Consolidation?

3 Answers   IBM,

---

Hi friends, Anybody from Hyderabad, who are SAP CO Consultant, could u mail ur contact details to rakesh.kesh881@gmail.com

1 Answers  

---

What is pbo and pai events?

0 Answers  

---