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
1Reporting as per different GAAPConcept of multile ledgers- leading and non leading ledgers
2Unified Mangement & legal reportingProfit Centre integrated with the New ledger
3Requirement of segmental reporting(in line with US GAAP)Segment can be defined as an enterprise element
4Financial statement below company code levelDocument spilt functionality
5Reporting as per cost of sales accountingFunctional 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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