Some configuration steps will be document splitting method, business transaction. This will guide you step by step how to create new gl configuration in sap thanks vasu. Jan 20, 2012 download new general ledger configuration guide in sap ecc 6. This means that the general ledgers of these company codes have identical gl structure. New gl in sap fico new general configuration in sap fico. Sap fico general ledger accounting configuration steps. Typically in sap you can depict parallel accounting.
Sap financial accounting configuration steps sap training. Document splitting in new general ledger sap blogs. You will learn complete subscribe my channel for more videos on sap fico and sap. Scenarios in sap new gl general ledger accounting skillstek. Document splitting allows users to split accounting line items according to specific characteristics. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. Running new gl and traditional gl at the same time.
May 11, 2020 sap fico is the finance and cost controlling module in sap erp where fi stands for financial accounting and co stands for controlling. Be able to work as both sap enduser and consultant. Objective of new gl sap has the following objectives behind the introduction of the new general ledger efficiently handle financial reporting, according to both local and international accounting principles. Local legal considerations are predelivered with the system and the ability to manage and report on multiple companies in multiple countries with multiple currencies is part of standard. Being offered in mysap erp, document splitting is one of the most powerful feature in new general ledger. It is one of the very important and widely implemented modules in sap. 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. Three new tables in the new general ledger handle totals, store generalledger. Sap fico video training new general ledger, segment. Posting of a document with reference to sample document or f02.
Configuration and design bonn boston 393 db 3 6611 4. Now new gl do this activity automatically once configuration is done. The fifinancial accounting module is geared for external reporting. The financial accounting sap fi module in sap is designed to capture organizations business transactions in a manner that will satisfy external reporting requirements. Spro img financial accounting general ledger accounting gl accounts master data preparations gl account creation and processing edit gl account transaction code. Sap ag general ledger accounting fi gl april 2001 3 icons icon meaning caution example note recommendation syntax. Financial accountingnew general ledger accounting new business transactions open item clearing clearing differences define tolerance groups for gl accounting. If this splitting method does not meet your requirements, you can first define and then select your own method in customizing for document splitting. New gl configuration step by step financial accounting. For this reason the amount is posted to an adjustment account, which appears in the same line of the balance sheet as the reconcilation account.
A chart of accounts can be used by multiple company codes. In the configuration each gl account is assigned to item category. Aug, 2010 the functionality can help one to create balance sheets for entities that exist beyond the scope of the company code. Check assignment of accounting princples to ledger group required if you have more than one ledger. Sap business analysis to improve financial activities. This document help you to understand sap fi new gl configuration in systematic manner and you need not to waste your time in spro for new gl configuration. Migration from classic gl to new gl advantages are 1. Hi, the new general ledger has the following advantages over the classic general ledger in r3 enterprise which is available upto 4. This document explains about new gl concept and configuration in step by step manner with screenshots.
In the new gl scenario, this is clubbed in fi general ledger itself. This will guide you step by step how to create new gl configuration in sap. Benefits like segment reporting, cost of sale accounting, management reporting. Financial accounting new financial accounting global settings new global parameters for company code. Sap fi asset accounting configuration free download as pdf file. Facilitate increased convergence between financial and management accounting. See complete sap fico course details like fees, modules, training and more here. Mar 23, 2009 today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Activate the new general ledger accounting by a single click on the clock icon2. These are used to define, which ledger is to be updated during posting. The gl design net books in pdf is the first and most important step to successful. Download new general ledger configuration guide in sap ecc 6. Finanical accounting new general ledger accounting new periodic processing valuate.
For indian companies financial year is april to march. Today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. The fi standard functions and reports are available for all parallel ledgers. This way users can create financial statements for entities such as segments and meet the legal requirements. Sap special gl indicator configuration tutorial free. It is used to store the financial data of an organization. Let us understand this concept of new gl and its use. Sap fi helps to analyze the financial conditions of a company in the market. You will learn complete subscribe my channel for more videos on sap fico and sap hana finance.
Sap special gl indicator configuration must be done based on the combination of account type vendor, customer, asset, etc. In the new general ledger, you can display the parallel accounting using parallel accounts as in r3 or using parallel ledgers. The easiest way to configure all relevant transaction types is in the maintain accounting configuration tool via. Sap fico 1 sap fi stands for financial accounting and it is one of important modules of sap erp. For complete recorded training videos, please visit tesco uk. Introduction this material is applicable for sap ecc 6 version. In sap erp the document splitting is the most powerful tool is widely and most. This involves knowledge of configuration to maintain these settings. Guidelines on resume preparation and interview tips.
Posting of sale or purchase invoice to check input and output taxes. Sap fico transaction codes erp financials community wiki. Sap fico general ledger accounting configuration steps sap. In this book you will find out the configuration processes in detail with full of steps, informations covered for each areas and you will find the screenshots too. Posting of transactions by using recurring document templates by way of batch input session. In the display g\l account centrally screen, enter information in the fields as specified in the table below. Access the transaction on sap graphical user interface sap gui 2. Jul 28, 2019 scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Parallel accounting in new general ledger sap simple docs. Reset transaction data delete transaction data in a company code. The entire sap fico configuration pack comes in 11 voluminous power packed cds f u l l o f m e a t y c o n t e n t and each sub module.
Line item for vendor and tax are split on the base of predefined criteria. The classic general ledger contains all the financial. Recording all business transactions primary postings as well as settlements from internal accounting in a software system that is fully integrated with all. Nov 30, 2018 this video explains new gl concept in sap fico. Let us first understand the fico module before we actually start configuration. The new general ledger has the following advantages over the classic general ledger in r3 enterprise which is available upto 4. With regard to the default configuration of an sap system and the activation of the. Newgl basic overview erp financials community wiki sap. The splitting method used is the sap standard one, which contains the splitting rules for the different business transactions. If an indian company is registered in us stock exchange, it has to submit reports to stock exchange according to the financial year there in us i. The sap financial accounting enterprise structure is organisational structure that represent an enterprise structure in sap and enterprise structure is the key building block to the entire organisation.
So splitting accounting line item on the basis of predefined criteria is document splitting. The fi financial accounting module is geared for external reporting. Posts about sapnew general ledger written by jayanth maydipalle. Local currency of company eur implementation guide. Creation of balance sheets at the segment or profitcenter level or balance sheets based on companyspecific or industryspecific entities. New gl configuration step by step free download as word doc.
The new general ledger in sap erp has the following advantages over the. Define field status variants use in this activity you create a field status variant with the corresponding field status gr. Starting with constructing concepts, the author provides. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. Sap will perform scenario validation in unit testing phase and test validation at the end of second integration test cycle. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. It is decided to company profit center defined in sap production client to update fi documents as part of sap new gl migration. Sap fico is the finance and cost controlling module in sap erp where fi stands for financial accounting and co stands for controlling. Dec 26, 20 for complete recorded training videos, please visit sap courses sap fico courseonline tesco uk is the registered. With the fields updated in the scenarios in sap new gl, we can. This chart of accounts is assigned to the company code.
Sap fico module is very robust and covers almost all business process encountered in various industries. Introduction we have pleasure in giving this free ebook to the new aspiring sap fico consultants. The new general ledger in mysap erp 2004 has the following advantages over the classic general ledger in r3 enterprise. In this img activity, you have to activate document splitting. The sap financial accounting enterprise structure is organisational structure that represent an enterprise structure in sap and enterprise structure is the key building block to the entire organisation below are the steps of enterprise structure settings and configuration. The intention behind sap new gl configuration is to combine the features of gl, profit center accounting, reconciliation ledger, special purpose ledger, business area.
Please note that though we cannot define own scenarios, we can use customerspecific fields. Understand how a required business process runs on sap. The new general ledger in mysap erp 2004 has the following advantages over the. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation.