Explanation of NEW GL

[Former Member]

Hi Friends,

Iam new to SAP, I have a small doubts, could some one please help me on this.

1) What is the diff between GL and NEW GL.

2) What is Lease accounts.

Thanks

Regards

Manoj

[Former Member]

Hi Friends,
> 
> Iam new to SAP, I have a small doubts, could some one please help me on this.
> 
> 1) What is the diff between GL and NEW GL.
> 2) What is Lease accounts.
> 
> Thanks
> 
> Regards
> Manoj

Hi Manoj,

As quoted from the SAP document AC210 ( New General Ledger Accounting), the following are some of the particularities of new G/L as against the G/L;

1. The new G/L has an extended data structure...meaning that customer fields can be transferred/extended to the General Ledger.

2. Document splitting capabilities makes it possible to generates financial statements of entities based on segments, profit centers and business areas ( within or across many company codes).

3. There is real time FI-CO intergration.

4. Multiple ledgers could be managed within the general ledger.

LEASE ACCOUNT(ING) on the other hand has something to do with asset acquisition based on leasing option. It is parts of the postings needed as far as asset accounting is concerned. This could be handled based on accrual or one time posting as the case may be. To a large extend lease accounting has some level of integration with SAP CRM.

Regards

Muhammad

[former_member219158]

With New GL .....

You can maintain multiple ledger -

Leading Ledger-Based on the same accounting principle as that of consolidated financial statement. Integrated with all non-leading ledger & gets many of the parameters from the company code

Non-leading Ledger-Based on local accounting principles => Assignment to alternate currencies & fiscal year variant that differ from that of leading ledger.

Non leading ledger makes it possible to use different fiscal year within same company code...if ur company is having operating in different country and required to report financial statement in that county.

Document splitting...with document splitting you can split the accounting line items for segmental reporting for external purpose and also profit center wise financial statement....in other words financial statement below company code level.

I hope this will help u.