Essentials of New General Ledger

This presentation is about the functionalities and configuration of the New General Ledger in SAP Finance (FI) module

Contents:

  • Key considerations for implementing the new SAP G/L
  • New G/L Functionality
  • Functionality Changes as a Result of the New G/L
  • Migration to the New G/L

Download – Essentials of New General Ledger

Activate New General Ledger

For initial installations (new SAP customers), the new G/L is active by default in mySAP ERP. SAP advises that customers with new installations use the new G/L. These customers can still use the classic G/L if they prefer, but this may cause difficulties for future G/L migration projects. If existing customers want to use the new G/L, they have to activate it. Read more

Currencies in Fixed Asset Accounting

Currencies in Fixed Asset Accounting is a recurring topic of misunderstandings.The following explanations usually apply to all postings to Fixed Assets.  In individual cases, deeper integration may cause differences in postings from FI, or there are advanced options for intervening in the process. Read more

Step by Step Guide to New Company Code Configuration in SAP

This document describes how a new company code is added to an existing SAP R/3 environment. Here the company code is not created from scratch, but as a copy from an existing company code. This document wants to point out what information is transferred in the copy and at which points you must interfere.

Contents:

New Company Code
Environment
Enterprise Structure
Edit Company Code Data
Company Read more

Benefits of New General Ledger

New General Ledger Accounting in mySAP ERP has the following advantages compared to classic General Ledger Accounting:

New General Ledger Accounting has an extended data structure in the standard delivery.
Customer fields can also be added to the general ledger. Read more

SAP Journal Entry Guide

A journal entry (also known as a journal voucher / JV) is an entry or transaction used in the SAP general ledger to book amounts for assets, liabilities, expenses, and revenues for a company or entity.
Journal entries are initiated and completed by those at Duke with the proper security access to create journal entries in SAP R/3 at Duke.Those users are known as “Document Initiators”. Read more

Period End Steps in Cost Object Controlling and Variance Calculation

Period end closing in Controlling has always been a challenge. Variance calculation and its explanation has invariably sent shivers down the spine of all SAP consultants. WIP calculation too has at times been complex to understand. Based on 2 scenarios following steps are processed;

Scenario 1

  1. Display Process order to see the cost and other details
  2. Display Standard cost estimate
  3. Overhead calculation
  4. WIP process calculation
  5. Variance calculation
  6. Settlement

Read more