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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 / 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

Is This Answer Correct ?    12 Yes 3 No



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