Activation of New General Ledger

A small action, a big change! The benefits of the New General Ledger is explained in a separated post. Now we indicate how to activate it. New General ledger is activated following the path in customizing:

SPRO-> SAP Customizing Implementation Guide->Financial Accounting>Financial Accouting Global Settings->Activate New General Ledger Accounting

The activation will modify paths in customizing, changing the menu to “Financial Accounting (New)” and “General Ledger Accounting (New)”.

New General Ledger

What say about New GL? The response is easy: The use of New General Ledger provides some advantages in compassion with previous versions.

• More Integration, most of ledgers are integrated into one with less cost of reconciliation and closing effort.

• Easier to maintain than classic GL.

• Document splitting in real time, it allows obtain balances at more detailed level than company code.

• Integration in real time from CO to FI.

• Segment reporting. Information at segment level.

• More power in Reporting because we obtain lower level of detail.

• Parallel ledgers (leading ledgers [0L] and non-leading ledgers), to provide the information following different financial principles.

• Customized fields can be added to the ledger.