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What is new GL? What are the steps for configuring New GL?
How is it different from its older counterpart? What are
the advantages of having new GL?

Answer Posted / 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).

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