Answer / anji

New GL accounting is the new funcationality which came into existence from ECC 5.0 Version in SAP which we call as my SAP ERP. Upto SAP 4.7EE we are using Classical GL Accounting. In Classical GL accounting General Ledger, Profit Center Acting, Reconciliation Ledger, Business Area, Spl Prupose Legers and Cost of Sales Accounting are different components but all these are incorporated in New GL accounting.



The New funcationalites included in New GL Accounting are,

1. Extended Data Structure:- This allows us to activate additional fields(e.g., segment) in the New GL table.

2. Parallel Ledgers:- This provides the ability to produce different sets of financial statments.

3. Document Splitting:- This allows real-time allocation of an account assignment object to all your balance sheet postings, this is particularly relevant when you have postings from subledgers.

4. Improved Management Reproting:- Profit centers are now part of GL, which allows you to produce departmental or management accounts directly from the GL.

5. Segment Reproting:- A segment is a new account assignment object that can be used to produce segment reports to provide an additional dimension. It helps in running analyses for objects at a level lower than company code. This is in line with the IFRS/IAS segement reporting requirements.

6. Fast Close:- A reduction in the amount of time needed to complete the period end cycle enables a fast close to be completed.

What is a Cross company code.Please explain in brief.

5 Answers  

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When we use 4 special periods? Please calrify with example.

2 Answers   CSE,

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where is excise amount posted?is he asking abt table name or any other t code? if he said table name so how to find the table name?

0 Answers   TCS, TSE,

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What is an asset transfer date? : fi- asset accounting

0 Answers  

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If we have received a check from customer on 02 feb.10, deposited in bank on 3rd and check cleared on 5th feb. what are the journal entries should be passed for all three days? Also, what would be entries if check gets dishonoured in SAP?

1 Answers  

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What is the ESI sheet?and its role in real time

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intigration between fi-mm, fi-sd

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What are the documents require for Born in sale in relation to sales tax?

2 Answers  

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What is Realization Phase in SAP ?

2 Answers   DLF,

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what is the difference between leading and non leading ledger.

3 Answers   IBM,

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What is Maping in SAP? What is customization? What is Configuration?

1 Answers  

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in SAP, i want to know how we can split an incoming payment from a customer. if the payment is lets say 500rs.i want to allocate a 10% to my own company and distribute the 90% to the cash account(G/L) of a partner (forwhom we are collecting payments). is it possible in ECC6.0? Need help

1 Answers   PiTech,

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