Skip to Content
author's profile photo Former Member
2
Former Member

Difference between new GL & Classic GL

Posted on Jan 21, 2008 at 05:34 AM 534 Views

Hi

I request everyone to help me understand the difference between new GL and Classic GL.

Basically a new GL has following features:-

1. Segmental Reporting

2. Parallel Currencies

3. Generation of Balance Sheets @ Profit Center Level

4. Legal Consolidation

I believe all the above features can also be achieved in Classic GL.

Also what is the difference between Business Area & Segments?

Pls help.

Thanks,

Srikanth

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jan 21, 2008 at 06:02 AM
    2

    Hi Srikanth,

    One of the the core differnences between New GL and Glassic Gl is online integration of items like PCA,segments,Business area etc with GL.

    In classic GL we need to do a lot of periodic closing activities to get restricted Balance sheet at these levels.

    with online document split enabled in New gl these periodic activities are gone.

    Differnce between business areas and segments:

    both can be used to draw financial statements at other than co.code level. But for segmental reporting you need to have PCA as segments can be derived only thru Profit center. (BADI available in other cases)whereas Business areas are cross co.code settings so you can assign them to sales area/plant/divsion combination for derivation which remains the same as classic gl.

    Hope this helps.

    Pls assign points if it does.

    Thanks,

    vamsi

    Edited by: Vamsi on Jan 21, 2008 7:06 AM

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.