Classic and NEw G/L

[Former Member]

I need to know the steps of migrating classic G/L to new G/L. How does the conversion works? When do we activate the new G/L? After activating the new G/L can we stilluse classic g/l or not?//

[former_member197269]

Hope this helps:

https://wiki.sdn.sap.com/wiki/display/ERPFI/BasicUnderstandingofNewGL

https://wiki.sdn.sap.com/wiki/display/ERPFI/DocumentsonNew+GL

Pls assign points as way to say thanks

[Former Member]

Thanks for your reply. But need additional information since I did not find it on the links provided. Can we report (balance sheet and income statemnt) on various funds (for eg take 3 funds) by business areas using new G/L or there is no connection of this with new G/L (can be done with classic G/L too)

Will definately award points once I get my answer

Thanks

[Former Member]

Hi Lakshmi,

Is your in a financial services / investment kind of business? Because, I didn't understand the term 'fund' in your query. Is each fund defined as a business area in your system? If yes, then this has nothing to do with New GL. Business area-wise reporting was possible in Classic GL as well, provided you have enabled it (T Code OB65) and ensured business area in all GL accounting documents. New GL, as compared to Classic GL, saves us from detailed configuration we had to do for special purpose ledger - in New GL it is simplified. There are also some new features like document splitting (based on FI and Controlling characteristics).

[Former Member]

Hi,

See the documentation regarding migration to new G/L in the SAP Library under Accounting -> Financial Accounting -> General Ledger Accounting (New) -> Tools -> Migration.

Once you have established that New General Ledger Accounting is set up correctly and is operating correctly, you can deactivate the updates from classic General Ledger Accounting. To do this, choose in Customizing Financial Accounting Global Settings (New) -> Tools -> Deactivate Update of Classic General Ledger (GLT0).

But deactivating classic GL is optional - if you do not want to load your system with unnecessary data (and once you make yourself sure that new GL is working correctly), you may go ahead and do it.

Good luck!