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Former Member

New G/L

Hi friends,

What are the advantages in new g/l compare with earlier versions(4.7 E.E). Pls give explanation some elaborate.

Thanks

Murali

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    author's profile photo Former Member
    Former Member
    Posted on Apr 09, 2008 at 06:48 PM

    Hi,

    WE STILL HAVE dummy profit centers IN NEW G/L

    1. Merge FI

    a. Reduced data redundancy

    b. Reduced error for period closing

    c. Harmonized reporting

    d. New General Ledger with reduced total cost of ownership (Faster Close etc.)

    e. Profit Center Accounting is eliminated and is now part of New GL

    f. Cost of Sales accounting is now part of New GL

    g. Special Purpose Ledger is now part of New GL

    h. Reconciliation Ledger is eliminated and is now part of New GL

    i. Segment reporting

    2. Merge FI, PCA & SL

    a. Replacement of special ledger A/C

    b. Enhanced audit ability

    a. Better integrated reporting

    b. Unified Financial & Management Accounting

    c. Extensibility for customer dimension

    3.

    a. Document splitting

    b. Enhanced reporting across Profit center and segments

    4. Parallel accounting

    a. More transparent COA reporting, Auditablity

    What is parallel accounting and its features?

    • Any number of parallel ledgers

    • Online posting to multiple ledger

    • Standard reporting for multiple ledger

    Segment is a part of company that led to expense and revenues.

    Configure New G/L

    Before anything you need to activate them & make the general setting for accounting.

    More, configure the ledger you use in G/L accounting with basic data you setup the integration with controlling (CO) and where applicable to parallel accounts.

    assign points if useful,

    Thx,

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 09, 2008 at 07:11 PM

    Hi One more important thing is in New G/L , with PCA as the included as the scenario became part of FI in ECC so if you want to do Profit center Assessment in near future using theNew GL functionality in FAGLGA11 you have to give either Balance sheet acct or P&L acct , not the secondary cost element as the assessment account.

    Parthu

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 09, 2008 at 06:50 PM

    hi Murli,

    Here are some key points as compared with NEW GL

    -The concept of the new general ledger System configuration (activating the new general ledger, defining and deriving segments, assigning scenarios, defining customer-specific fields)

    -Documents and document splitting

    -Integration with the Financial Accounting subsidiary ledgers and with Controlling (key word: real-time integration of Controlling into Financial Accounting)

    -Reporting (=> using the new Financial Accounting drilldown reporting function (key word: segment reporting) and the new G/L account balance display)

    -Closing operations

    -Parallel financial reporting and the new general ledger (introduction the ledger solution in the new general ledger and the integration of this solution into Asset Accounting

    -Transition/data transfer from existing customers (=> no external data transfer from new customers)

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