Why Use New General Ledger

The following table gives the business requirements at the backend which prompts the finance department of the comapny to go for NEW GL implementation.

S.N Business Requirements New GL Functionality
1 Reporting as per different GAAP Concept of multile ledgers- leading and non leading ledgers
2 Unified Mangement & legal reporting Profit Centre integrated with the New ledger
3 Requirement of segmental reporting(in line with US GAAP) Segment can be defined as an enterprise element
4 Financial statement below company code level Document spilt functionality
5 Reporting as per cost of sales accounting Functional area included

Each one of these functionality is unique and elaborate and has the features ingrained to meet the different requirements emerging for the external reporting purpose.

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