Activating New General Ledger Accounting

Why New GL????

The intention behind SAP New GL Configuration is to Combine the features of

GL, Profit Center Accounting, Reconciliation Ledger, Special Purpose Ledger, Business Area, Cost of Sale Accounting.

Benefits: 

Benefits like Segment Reporting, Cost of Sale Accounting, Management Reporting, Parallel Accounting, Balanced Books are possible with New GL.

Activating General Ledger Accounting 

To make the settings and use the functions in General Ledger Accounting, you have to activate it. To do this, in Customizing choose 

Financial Accounting ® Financial Accounting Global Settings ® Activate New General Ledger Accounting. (or T Code FAGL_ACTIVATION)

(This is already done in our sandbox)

Activating General Ledger Accounting has the following effects:

●     The Customizing settings for General Ledger Accounting appear in the SAP Reference IMG. You access the settings under Financial Accounting (New) ® Financial Accounting Global Settings (New) and General Ledger Accounting (New).

●     The General Ledger Accounting functions appear in the SAP Easy Access menu under Accounting ® Financial Accounting ® General Ledger. (Now it is hided in Sandbox)

●     The tables for new General Ledger Accounting are activated and updated.

     FAGLFLEXT                                  -   Totals Data Table

     FAGLFFLEXP                                 -   Plan Line data Table

     FAGLFEXA                                    -   Actual Line data table

     FAGL_SPLINFO_FAGL_SPLINFO_VAL   -   Splitting data table

In the standard system, the tables from classic General Ledger Accounting (GLT0) are updated as well as the tables in new General Ledger Accounting during the activation. This enables you to perform a ledger comparison during the implementation of new General Ledger Accounting to ensure that your new General Ledger Accounting has the correct settings and is working correctly. To compare ledgers, in Customizing choose Financial Accounting Global Settings (New) ® Tools ® Compare Ledgers.

Deactivating the updatation of tables for classic General Ledger Accounting Financial Accounting Global Settings (New) ® Tools ® Deactivate Update of Classic General Ledger.

The basic CONFIGURATION steps in New GL


1. Define Ledger for General Ledger Accounting:

2. Define Currencies for Leading Ledger:

3. Assigning Scenarios to Ledger

4. Defining Segment

5. Activate Document Splitting:

6. Classify G/L Accts for Document Splitting:

7. Classify Document Types For Document Splitting: 

8. DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR GENERAL LEDGER ACCOUNTING:

9. DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR CONTROLLING.

10. Financial Accounting (New)>FAGS (New) Docs >Define Doc types for General Ledger View.

  

11. Activating Non Leading Ledger

END USER TRANSACTIONS