Answer / anant maheshwari

There is a Structural change. In New G/L instead of
FAGLFlexA table field extended and it becomes FAGLFLEXT in
which Profit Segment filed added. So Once you activate NEW
G/L in SAP

Use Can Use Document Splitting Rule.
Segment wise Reporting.
instead of GlT0 Classic G/L - other table used.

No need to activate Profit Center Accounting Settings in
Controlling Area. (ECC6).

Due to this instead Business Area Concept, people are
getting the reports on segment level.

Support to follow IFRS Std.

Please correct me if I am wrong.

Regards

Answer / saravana perumal

currency translation – and continues to provide functions
that support postings.
The new general ledger in mySAP ERP uses the special-purpose
ledger technique to save total values.
• Data is stored only once in the system (in a single
totals table) – eliminating data redundancy.
• No need for additional reconciliation activities during
closing.
• It is now easier to make adjustments to business-specific
requirements (such as the inclusion of customer fields as
part of flexible reporting).

Answer / muralighantasala

New GL concept belongs ECC 6.0 Go through the sites to get
the information about the New GL, hence it is not possible
to answer here.

Answer / hannah

Hi,
The general ledger serves as a complete record of all
business transactions. It is the centralized, up-to-date
reference for the rendering of accounts. Actual individual
transactions can be checked at any time in real-time
processing by displaying the original documents, line items,
and transaction figures at various levels such as:
• Account information
• Journals
• Totals/transaction figures
• Balance sheet/profit and loss evaluations
1) Create Chart of Accounts - T.Code [OB13].
2) Assign COA to Company code - T.code [OB62].
3) Define Accounts Group - T.code [OBD4].
4) Path: SPRO IMG - Financial Accounting - GL Accounting -
Master Records - Preparations .
The General Ledger accounts are made up of such data as
account number, company code, a description of the account,
classification of whether the account is a P & L Statement
Account or a Balance Sheet Account.
• Control data of the GL Account is where currency is
specified, Tax category (posting without tax allowed),
marking the account as a reconciliation account (e.g.
Customer, Asset, Vendors, Accounts Receivable) or not.
• Marking the G/L Account as a “reconciliation” account
allows for postings to an Asset Account (for example) as
well as automatic update to the G/L Account.
• Configuration prevents direct postings to reconciliation
accounts thereby assisting in maintaining integrity of the data.
• This allows reconciliation between the sub-ledger and
general ledger to always be guaranteed.
• Within the General Ledger control data, we can also
designate whether line item display is possible in the
account. The system then stores an entry per line in an
index table which links back to the account. (Display of
line item details are then available for reporting purposes,
etc.)
• Open Item Indicators can be set on the G/L Account
allowing for better management of open items. Examples
include: Bank Clearing Accounts, GR/IR Clearing Accounts,
Payroll, etc.

Can somebody help me on how to run automatic payment programme? what are the steps involved from the beginning till the end...(I am not asking about config part, consider that you are giving training to the end user)...

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