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SAP General Ledger (formerly the new G/L)
SAP General Ledger (formerly the new G/L)
- Accelerate Your Closing Process with mySAP ERP New G/L and
New Functions
by Aylin Korkmaz, Manager, Accenture UK
Fast
period closing enables quick identification, investigation,
and elimination of accounting problems. Here’s
how to take advantage of mySAP ERP’s new G/L
and new functions in accounting for your fastest closings
yet.
- Achieve Balanced Reporting by
Automating Document Splitting in the
New G/L
by Mitresh Kundalia, Director – SAP
Practice, Quality Systems & Software
See the rules, steps, transactions, and method for document splitting. Then follow seven steps to configure it in your system.
- Achieve Cross-Fiscal Year Reporting with the Rollup Ledger in the SAP General Ledger
by Karthik Tharkabhushanam, SAP Consultant, Infosys Technologies (December 2009)
Overcome challenges presented with the SAP General Ledger for simultaneous reporting by using the rollup ledger.
- Best Practices
Migrating to the New General Ledger: A Three-Phase Approach
by Gary Fullmer, SAP Labs LLC
Use
this three-phase approach to upgrade to the new G/L
in mySAP ERP. mySAP ERP 2005 includes a migration tool
to assist in the upgrade project.
- Configure a Customized Document Splitting Method with Extended Splitting Rules
by Yu (Kathy) Zhao, Deloitte Consulting USA
Find out how to create a customized document splitting method with extended document splitting rules to meet business needs.
- Get Your SAP General Ledger Terminology Right
by Mitresh Kundalia, Director – SAP Practice, Quality Systems & Software (August 2009)
With the onset of SAP General Ledger, it is important to become familiar with a number of terms, vocabulary, and buzz words.
- How to Integrate FI-AA with the New G/L for Segment
Reporting
by Aylin Korkmaz, Manager, Accenture UK
With
the new general ledger (G/L), you no longer need custom
programs or user exits to obtain the asset balances
for segment reporting. Instead, you can update profit
center/segment details for all asset transactions and
depreciation postings in the new G/L. Find out what
settings you need to make in Asset Accounting (FI-AA)
to make it happen.
- Maintain Data Integrity by Implementing Profit Center Planning in the New General Ledger
by Yu (Kathy) Zhao, Deloitte Consulting LLP, USA
Find out how to implement profit center planning in the new General Ledger and how to transfer planning data from Cost Center Accounting and Profitability Analysis to profit centers.
- Make SAP General Ledger Migration Cockpit More Flexible by Adding Your Own Activities
by Mitresh Kundalia, Quality Systems and Software (September 2009)
Fine-tune the migration cockpit to include your own activities in addition to standard ones so that you can see all the steps in one central place.
- New G/L Posting Program in SAP ERP 6.0 Requires Attention During Upgrades
by Clay Molinari, SAP HR Consultant, C&C Savant, Inc. (February 2009)
Evaluate the differences between the old G/L posting program and the new program available in SAP ERP 6.0. See how third-party posting processes affect your decision to switch processes and prepare your organization for various business scenarios.
- New G/L Reporting Features Financial Analysis at Various Levels
by Kathy Zhao, Deloitte Consulting USA
Find out what new reporting functionality and new reports are available in the new G/L.
- Overcome Performance Challenges When Migrating to SAP General Ledger
by William Miller, Solution Architect, MI6 Solutions Group, LLC (November 2008)
See how companies of all sizes and complexities can benefit from a new migration approach for SAP General Ledger (SAP GL). This approach seeks to reduce the activation downtime window of your SAP GL migration. Discover how to implement the migration technique over two weekends.
- Profit Center Reorganization Is a Snap with New Functions in Enhancement Package 5
by Janet Salmon, Solution Manager, SAP AG (August 2009)
When your organizational structure changes, are you sure your profit centers are accurate? See how features in the forthcoming enhancement package 5 allow you to reorganize your profit centers in SAP General Ledger without the cost or headache.
- Provide Parallel Product Costs for Inventory Valuation in the SAP General Ledger
by Janet Salmon, SAP AG (October 2009)
See how to take the parallel accounting functionality available in the SAP General Ledger and apply it in CO. You can use it to calculate multiple activity rates and multiple inventory values for your finished goods at period close. This means that although your logistics flows (e.g., goods movements and order confirmations) continue to be captured at standard cost at the time of posting, you can calculate different activity rates and apply them to your finished goods inventories using the Material Ledger at period close.
- Quick Tip: Can You Create Balanced Financials for Just Certain Profit Centers?
by Mitresh Kundalia, Director — SAP Practice, Quality Systems & Software (January 2010)
Walk through a simple example to see how to limit your balanced financials to specific profit centers.
- Quick Tip: Can You Group Segments in the SAP General Ledger?
by Mitresh Kundalia, Director – SAP Practice, Quality Systems & Software (November 2009)
Learn why you can’t group segments in the SAP General Ledger — but what you can do instead.
- Quick Tip: Easily Display Automatic Account Determination Settings
by John Jordan, ERP Corp
Learn how to easily display only relevant table contents of automatic account determination settings with transaction SE16N. This can assist you in quickly analyzing financial account balances, especially those associated with inventory and settlement transactions.
- Quick Tip: Eliminate Manual Adjustment Postings by Using a Standard BAdI in the Accrual Engine
by Karthik Tharkabhushanam, SAP Consultant, Infosys Technologies (October 2009)
Process Accrual Engine accounting documents with multiple account assignment objects with less manual effort for more efficient reporting.
- Quick Tip: G/L Terms Defined: What Are the Flex G/L, Split Processor, and the New G/L?
by Nathan Genez, Platinum Consultant, SAP America
The new G/L that comes with the mySAP ERP 2004 release is in Ramp-Up. The author provides a preview of its functionality and explains how it differs from the Flex G/L and the split processor.
- Quick Tip: How to Build a Business Case for the SAP General Ledger
by Gary Fullmer, MI6 Solutions (March 2010)
Many SAP professionals believe that only the requirement to adopt International Financial Reporting Standards will drive the adoption of the SAP General Ledger. In reality, there are at least 10 other benefits to the new technology that you should use to help build a better business case for the SAP General Ledger adoption and possible migration.
- Quick Tip: Review and Analyze Document Splitting Rules in One Place
by Mitresh Kundalia, Director, SAP Practice, Quality Systems & Software
Use a simple icon to find one screen that shows all your document splitting rules.
- Quick Tip: SAP GL Data Sources: Which Tables Should You Use?
by Rohana Gunawardena, SAP Practice Director, Quality Systems & Software (February 2009)
When upgrading, users may take reports from the classic General Ledger (GL) and assume they will work in the SAP GL (formerly called the new GL). This isn’t always the case. See the differences between key tables containing SAP GL data and identify where you need to look for data.
- Quick Tip: When to Deactivate the Classic General Ledger Totals Table in the New G/L World
by Mitresh Kundalia, Director – SAP Practice, Quality Systems & Software
See how to deactivate GLT0 when converting to the new G/L, and some considerations when doing so.
- Quick Tip: You Still Need the CO-PA Ledger for Margin Analysis Reporting
by Mitresh Kundalia, SAP Practice, Quality Systems & Software
Discover a misconception about the new G/L’s ability to replace traditional ledgers.
- Reduce Potential SAP General Ledger Migration Errors with Validation for Document Splitting
by Mitresh Kundalia, Director – SAP Practice, Quality Systems & Software (December 2009)
Enable validation of document splitting in the SAP General Ledger and identify potential issues you could face early on. That way, you can take appropriate actions and prevent the accumulation of error documents while also improving the data quality for migration.
- Simplify Segment Reporting with the New General Ledger
by Aylin Korkmaz, Manager, Accenture UK
Find
out how the new General Ledger (G/L) in mySAP ERP differs
from the classic G/L. With its new segment functionality,
you do not need to create a Special Purpose Ledger
to meet different compliance standards.
- Streamline Your Parallel Accounting with the New G/L Ledger
Solution
by Aylin Korkmaz, Manager, Accenture UK
See
how to set up parallel accounting with the ledger solution
in the new G/L with three procedures: ledger definition,
currency valuation, and asset accounting.
- Top 10 Financials Expert Articles for 2009
by Scott Priest, Managing Editor (January 2010)
Here are the ten most popular articles that you accessed in 2009. Hot topics included updates in SAP ERP Central Component 6.0, international regulations such as Value Added Tax, automation, and the SAP General Ledger. Congratulations to Akhilesh Mittal, who made the list twice. Click the links below to view the articles. (Note: You need to be a subscriber to Financials Expert to view the full articles.)
- Unearth the Hidden Secrets of Zero-Balancing in the New G/L
by Mitresh Kundalia, Director — SAP
Practice, Quality Systems & Software
International financial regulations require you to zero-balance your financial data by certain characteristics, such as segments. See how to zero-balance characteristics in the new G/L,
and how the system addresses the varying number of line items you may have.
- Use Document Simulation in the New G/L
to See How the System Posts G/L
Documents
by Mitresh Kundalia, Director – SAP
Practice, Quality Systems & Software
The classic G/L offers a feature called document simulation that helps you determine how the system automatically generates accounting entries, troubleshoot and fix missing configuration settings, and identify and rectify any mistakes made before posting the accounting transaction. This feature has improved in the new G/L and adds particular benefit to document splitting. Using document splitting, you can balance the document for predefined characteristics at runtime rather than waiting until period-close.
- What You Need to Know to Migrate to the SAP General Ledger
by Gary Fullmer, Solution Manager — Financials, SAP Labs LLC
SAP has refined the migration process to the SAP General Ledger. Find out what is new and learn some best practices developed during 11 recently completed migration projects.
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