different between general ledger accounting and New G/L
accounting? pls expline
Answer Posted / james bond
The main differences are
a. Business scenarios
b. Document splitting
a. Business Scenarios: If you are using classic GL there is
a possibility your chart of account can have large number of
accounts. Since you want to capture every level of details
the chart of accounts grows in size. With New GL what you
are trying to do is maintain fewer number of accounts and
still get to same level of details. They way you implement
this is by allowing a single GL account to be used in single
or multiple scenarios (there are 6 scenarios).
Asset module analogy will make it much easier. You maintain
different books (depreciation area). Say you have 3 book
areas 10, 20 & 40. When
capitalization/acquisition/retirement/sale happens; each
business processes impact these books differently based on
the dep. area setting.
b. Document Splitting: Lets say you buy office supplies for
your company (say 5000 p.m). Now your company wants to see
how much was spent on papers, cartridges, copier, markers
and etc. With document splitting you are able to break down
the 5000 p.m. to 2000 (paper) 1000 (cartridges) 1000(copier)
1000 (markers).
Basically its the ability to see the details at minutest level.
Hope this helps.....
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
1.HOW TO SPECIFY THE BANK OVER DRAFT LIMIT IN SAP TO BANK ACCOUNTS 2.IN ACCOUNTS PAYABLE FOR APP HOW TO PROCESS THE RECEIPT IN CASE FOR A VENDOR WHO IS ALSO A CUSTOMER AND FROM WHOM AMOUNT IS RECEIVABLE.
what is documentation in SAP FI? and what is reporting in SAP FI?
What is done by gr/or regrouping program?
While defining chart of account, there is field "manual creation of cost element" and "automatic creation of cost element", what is it?
If there are two company codes with different chart of accounts how can you consolidate their activities?
How many normal and special periods will be there in fiscal year, why do you use special periods?
Explain controlling (co) in sap? : co- general controlling
What is key figure? : cost center accounting
How are tolerance group for employees used?
Change of General Ledger Cost Assignment :- We have two major company codes and plus a minor one. In order to assign intra and inter company costs correctly SAP was set up to assign cost at goods issue to the general ledger account 100000 according to plant. Now we combined two company code into one. Every end of month we must re-class costs out of the plant cost center into the cost center associated with the sales office. It is possible that we directly assign cost to cost center of cost office, how can it be possible? Please tell me how we can make this process easier. Thanks in advance, Manoj
What is the difference between profitability analysis and profit center accounting?
Am a Sap Fi trainee learning the process, i came across a topic Foreign currency valuation. my doubt is whether foreign currency valuation and foreign currency revaluation is one and the same?
What is a release order? : fi- accounts payable
if New plant is arrived what are the pre checks we will perform from Controlling end?
Does functional module level configuration come under workbench request or customizing request?