Is new GL mandatory for s4hana?

The switch from Classic General Ledger to the New General Ledger can be done as modernisation activity in your existing SAP ECC system or as part of your SAP S/4HANA migration project as the New GL is mandatory in the new system upgrade.

What is the use of new GL in SAP?

The New General Ledger eliminates data redundancy by storing all the transactional data in a single totals table. This improves the efficiency of the database. With the New General Ledger, there is no need to use separate ledgers like the Special Purpose Ledger, Profit Center Ledger, etc.

What is the difference between classic GL and new GL in SAP?

New GL Vs. In SAP ECC5 and ECC6 New GL and Classic GL are two ways to implement General Ledger functionality. Over classic GL, New GL provides lot of benefits. Compared to classic GL, new functionality is provided, or. To perform functionality in Classic GL, provide a technologically superior way.

What is new GL in s4 Hana?

New GL provides Non-Lading Ledgers parallel with Leading Ledgers for parallel accounting like IFRS and GAAP. Parallel accounting can also be implemented using an Account-based approach which is also available in classic GL.

Is document splitting mandatory in s4 Hana?

Splitting information for open items is required for follow-up processes, e.g. clearing or reversal, that run after the doc. splitting activation date. Note: Open items are only enriched with account assignments – not splitted.

Is new GL mandatory for simple finance?

One question that comes up frequently is whether it is necessary to upgrade to the “SAP General Ledger” (also known as the “New G/L”). The short answer: the New G/L is not a pre-requisite to move to the Universal Journal.

What is new GL concept in SAP?

The New GL concept covers all the functions and requirements in one place providing the functions: Document Splitting. Balanced books (zero balance) by dimensions like Profit Center, segment, Business area etc. Real-time integration of Financial Accounting with FI.

What is special purpose ledger in SAP?

The Special Purpose Ledger (FI-SL) is a receiver system to which data created in other SAP applications is sent. It is not a sender system for other SAP applications.

What is new GL concept?

What is document splitting in new GL?

Document Splitting in SAP is the new functionality introduced in SAP ECC 6.0 New GL to create segment financial statements. It is used to allocate one expense line item into two segments in New General Ledger.

What is new G L?

What is leading ledger?

Leading Ledger – In the Leading Ledger all the postings are taken as primarily and default. It is based on accounting principles that is used for the consolidation of financial statements. Leader Ledger in SAP system is defined as 0L and company codes are assigned to this ledger by default.

How does general ledger migration work in SAP?

SAP General Ledger Migration for Subsequent Implementation of Further Functionality within New G/L. The migration scenarios 6 – 8 support subsequent changes of an already active new G/L if you perform a transition to new G/L step to by step. This means, your migration to new General Ledger Accounting is finished and new G/L is already active.

What are scenarios for migration from classic GL to newgl?

SAP General Ledger Migration for Migration from Classic GL to NewGL: 5 Scenario’s 1. Scenario -1 : Merge of FI Ledger 2. Scenario-2 : Merge of FI, PCA and /or SL Ledger 3. Scenario-3 : Scenario-2 + Segment Reporting (supported by Document splitting) 4. Scenario-4 : Scenario-2 + change to ledger solution for parallel ledger Accounting.

What is the function of migration in SAP?

Migration Process in SAP, seeks to perform the function of transition from the General Ledger Accounting Environment being used to the diverse functions offered by New General Ledger Accounting. Migration to an environment with Document Splitting is more complex than the scenario without document splitting.

Can a new GL be switched on in SAP?

Particularly if you are an existing customer in SAP, New G/L may under no circumstances simply be switched on. If you update a document during the start-up process, you cannot undo the activity and, in the worst case, it may lead to data inconsistency.

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Is new GL mandatory for s4hana?