This document provides an overview of the steps required to configure SAP's New General Ledger functionality. It includes configuration of ledgers, currencies, fiscal year and posting period variants, document splitting, taxes, valuation, integration with other modules, and more. The document is intended as a guide for consultants to properly set up the New GL module in SAP. It contains over 30 sections that collectively describe all major configuration areas for the financial accounting system.
1. Company code 6600 for Universal Ltd. USA is created with currency as USD and country as US.
2. Fiscal year variant V3 (April to March) is used for company code 6600.
3. Posting period variant 6600 is created and assigned to company code 6600. Time intervals are defined to open and close posting periods for various account types like GL, AR, AP etc.
4. Preparations for defining field status variants and assigning them to company codes are explained. Standard SAP variant 0001 is used initially for new company codes.
This presentation talks about how SAP S/4HANA can empower finance to strategically guide your business evolution via instant insights, intuitive user experience, and a flexible non-disruptive platform.
The document provides an overview of SAP FICO interview questions and answers related to enterprise structure, the general ledger, accounts receivable, accounts payable, and invoice verification. Key points include how company codes, controlling areas, and fiscal years are configured, the purpose of document types and financial statement versions, and the process for invoice verification from goods receipt to invoice posting. It encourages visiting sap-topjobs.com for additional SAP consulting resources and training.
The document discusses document splitting in SAP's New General Ledger. It provides an overview of document splitting, including the key elements like splitting rules, item categories, and splitting methods. It then provides examples of how document splitting works for vendor invoices and payments. Document splitting allows accounting items to be automatically split according to predefined rules, enabling segmented financial reporting without changing data entry procedures. Setting up document splitting involves classifying accounts and document types for splitting.
The document discusses bank accounting in SAP. It covers bank master data, which includes defining house banks, bank accounts, and the bank directory. It also covers check processing such as manual check deposit, printing checks, and changing or voiding checks. Additionally, it discusses electronic bank statements, including importing statement data, using posting rules and transactions to automatically post statements, and processing outstanding items on statements.
This document provides an overview of SAP Controlling (CO) functionality and implementation. It discusses the main components of CO including cost center accounting, profit center accounting, internal orders, and product costing. It also covers integration with other SAP modules, the three phase implementation approach, and organizational structure setup. Profitability analysis is differentiated from profit center accounting. Cost planning, allocation, and budgeting are described for cost centers. Internal orders are explained for managing projects. Product costing integration with procurement and production is outlined.
This document provides instructions for configuring SAP Cash Management. It discusses activating Cash Management in the company code, defining basic settings like value date defaults and source symbols, maintaining required master data, structuring the Cash Management setup by defining account names and groupings, and configuring liquidity forecasting, bank accounting, and cash concentration features. The document is a guide for SAP consultants to customize and implement Cash Management functionality in SAP.
COPA is one of the components of controlling modules of SAP which deals with reporting of profitability across various dimensions. CO-PA stands for controlling-profitability analysis which is commonly referred to as SAP-COPA. It enables you to evaluate your company’s profit or contribution margin by market segment or by strategic business unit (such as a sales organization or profit centre).
1. Company code 6600 for Universal Ltd. USA is created with currency as USD and country as US.
2. Fiscal year variant V3 (April to March) is used for company code 6600.
3. Posting period variant 6600 is created and assigned to company code 6600. Time intervals are defined to open and close posting periods for various account types like GL, AR, AP etc.
4. Preparations for defining field status variants and assigning them to company codes are explained. Standard SAP variant 0001 is used initially for new company codes.
This presentation talks about how SAP S/4HANA can empower finance to strategically guide your business evolution via instant insights, intuitive user experience, and a flexible non-disruptive platform.
The document provides an overview of SAP FICO interview questions and answers related to enterprise structure, the general ledger, accounts receivable, accounts payable, and invoice verification. Key points include how company codes, controlling areas, and fiscal years are configured, the purpose of document types and financial statement versions, and the process for invoice verification from goods receipt to invoice posting. It encourages visiting sap-topjobs.com for additional SAP consulting resources and training.
The document discusses document splitting in SAP's New General Ledger. It provides an overview of document splitting, including the key elements like splitting rules, item categories, and splitting methods. It then provides examples of how document splitting works for vendor invoices and payments. Document splitting allows accounting items to be automatically split according to predefined rules, enabling segmented financial reporting without changing data entry procedures. Setting up document splitting involves classifying accounts and document types for splitting.
The document discusses bank accounting in SAP. It covers bank master data, which includes defining house banks, bank accounts, and the bank directory. It also covers check processing such as manual check deposit, printing checks, and changing or voiding checks. Additionally, it discusses electronic bank statements, including importing statement data, using posting rules and transactions to automatically post statements, and processing outstanding items on statements.
This document provides an overview of SAP Controlling (CO) functionality and implementation. It discusses the main components of CO including cost center accounting, profit center accounting, internal orders, and product costing. It also covers integration with other SAP modules, the three phase implementation approach, and organizational structure setup. Profitability analysis is differentiated from profit center accounting. Cost planning, allocation, and budgeting are described for cost centers. Internal orders are explained for managing projects. Product costing integration with procurement and production is outlined.
This document provides instructions for configuring SAP Cash Management. It discusses activating Cash Management in the company code, defining basic settings like value date defaults and source symbols, maintaining required master data, structuring the Cash Management setup by defining account names and groupings, and configuring liquidity forecasting, bank accounting, and cash concentration features. The document is a guide for SAP consultants to customize and implement Cash Management functionality in SAP.
COPA is one of the components of controlling modules of SAP which deals with reporting of profitability across various dimensions. CO-PA stands for controlling-profitability analysis which is commonly referred to as SAP-COPA. It enables you to evaluate your company’s profit or contribution margin by market segment or by strategic business unit (such as a sales organization or profit centre).
1. The document provides an overview of SAP Controlling and its four main elements: Cost Element Accounting, Cost Center Accounting, Internal Orders Accounting, and Profit Center Accounting.
2. It describes how to set up the main components of Controlling like maintaining controlling areas and versions, creating cost elements, cost centers, and internal orders.
3. Steps are outlined for tasks like posting journal entries, generating reports, and planning in Controlling.
JKT education is a leading ISO certified education and career services provider in Asia that is part of the JK Organization, one of India's largest industrial groups. JKT offers a comprehensive portfolio of IT and soft skills training programs tailored to industry needs, including programs in technologies like SAP, social media marketing, and integrated industry solutions. SAP is the world's largest inter-enterprise software provider and creates a centralized database for all applications in an organization, with key modules including sales, distribution, finance, accounting, and business intelligence.
Asset acquisitions can be posted in Asset Accounting integrated with accounts payable, without a purchase order link, through materials management for self-produced assets, or by capitalizing production costs through investment management. The asset value date determines the capitalization and depreciation start dates and affects planned depreciation amounts.
Profit Center Accounting enables structuring a company according to strategic business units (SBUs) to provide full income statements and selected balance sheet items by business line and sector. It reflects material movements between SBUs at commercial transfer prices rather than cost. Master data must be organized by assigning objects to profit centers. Actual values flow through the profit centers in parallel to business transactions. The information system provides reports on profit centers, including interactive and list-oriented reports.
Sap fi integration with other modules in sap ficowhynet2005
This document discusses the integration between SAP FI (Financials) with other SAP modules like MM (Materials Management), CO (Controlling), and SD (Sales and Distribution). It provides examples of how transactions in these modules result in automatic accounting postings to the FI module. Key points covered include defining accounts and transaction keys to integrate overhead cost allocations from CO, inventory valuations from MM, and revenue/expense accounts from SD billing documents.
New gl functionality_by_guntupalli_hari_krishna_Hari Krishna
SAP NUEVO LIBRO MAYOR,SAP NEW دفتر الأستاذ العام,SAP新总账,SAP neue Hauptbuch,एसएपी नई सामान्य खाता,எஸ்ஏபி புதிய பொது லெட்ஜர்,SAP NEW総勘定元帳,SAP의 새로운 원장,SAP General Ledger НОВЫЙ,SAP NUEVO LIBRO MAYOR,SAP NEW GENERAL LEDGER
SAP FICO Overview, This Slide provides you the Basic Overview of SAP FICO ,Finance and Controlling module deals with the Financial Management of an Organisation. SAP Provides an ERP Solution to handle Accounts for Major Enterprises
This document provides an overview of SAP S4 HANA functionality including FICO configuration, general ledger accounting, taxes, accounts payable, accounts receivable, asset accounting, and integration with other SAP modules. It also discusses ERP concepts, the SAP architecture and language, job roles for SAP consultants and users, and the steps to configure the general ledger and migrate accounting to SAP S4 HANA.
The document provides an overview of accounts receivable processes in SAP, including master data, credit management, invoice processing, cash receipting, and periodic processing. It describes setting up customer accounts, credit limits, and payment terms. The key processes covered are creating invoices, debit/credit memos, parked documents, and intercompany postings. Reports and periodic jobs are listed for managing accounts receivable.
SAP FICO Module is used for those who are in the Finance and Accounting Professionals, who wish to delve into a creative and interactive scenario by which they can apply their Real Time experience and expertise to another level of fantastic intellectual stimulation.
This document provides instructions for configuring automatic postings in an ERP system for inventory management and invoice verification transactions. Key steps include defining valuation levels, charts of accounts, valuation grouping codes, valuation classes, and account groupings. The system can then simulate postings to automatically determine the correct GL accounts based on these definitions and the transaction type. Definitions must be made for each chart of accounts and valuation grouping code combination.
This document provides instructions for configuring automatic payments in SAP FI, including:
- Setting up company codes, payment methods, and bank accounts
- Configuring payment methods per country and company code
- Determining bank accounts for payments based on payment ranking, available amounts, value dates, and expenses
The document covers key transactions and master data for setting up and maintaining payment programs in SAP.
This presentation covers the basic modules of Financial accouting of SAP FICO module.This is for presentation purpose and doesn't serve as a full fledged presentation on SAP FI
The document provides instructions for reconciling a bank statement in SAP. It describes entering bank statement details such as opening balance, closing balance, and transaction amounts. These entries are saved and then posted to clear open items in clearing accounts and transfer them to the main bank account. This reconciles the bank balance with the balance in the company's books of accounts.
This document provides an overview of key components and features of financial accounting in SAP, including the general ledger, accounts payable, accounts receivable, asset accounting, and bank accounting. It describes the organizational structure for accounting including company codes and charts of accounts. It also lists features such as real-time integration between modules, document control functions, multicurrency support, and automatic processes for payments, depreciation, and more.
This document provides a template for documenting a business process design for an SAP implementation project. It includes sections for describing the business process, diagrams, process steps, locations, policies, integration points, future improvements, and the functional solution. Instructions are provided in blue text to guide users on completing the template, such as addressing localized processes, business change requests, and following a naming convention. The document also includes sections for identification details, revision history, and review/approval.
Cash Management in SAP S/4HANA Finance takes care of the cash movements in business. It ensures on-time availability of funds for financial requirements and payment obligations and maintains accurate liquidity in the business.
SAP FICO - Why SAP uses Internal Orders?Sanjay Ram
The document discusses SAP's use of internal orders to temporarily accumulate costs for specific projects or tasks over a short period of time. It provides examples of using an internal order to track gift costs for an annual staff dinner until winners are determined via a lucky draw. The key points made are:
1) Internal orders allow costs to be accumulated for a specific project/task over a short time period, unlike cost centers which are for longer-term fixed reporting.
2) An example is provided of using an internal order to track gift costs for a staff lucky draw, which will later be allocated to individual cost centers once winners are known.
3) Steps are outlined for creating an internal order in SAP,
A job oriented SAP FICO ONLINE TRAINING by real time domain experts with real time scenarios. Attend a free demo on SAP FICO COURSE to asses the quality of our training. Arrowsol Technologies provide both class room and online training.
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
The document discusses migrating to SAP's New General Ledger. It introduces the New GL and reasons for migrating, including improved reporting and faster closing. It outlines four migration scenarios of increasing complexity and notes scenario 1 is the simplest. The migration process involves three phases - planning, customizing and testing in the new GL, and go-live. SAP migration services are recommended to validate the scenario and testing. Historical data is not migrated, so alternative reporting solutions are needed. The migration cockpit tool is introduced to manage the project tasks.
1. The document provides an overview of SAP Controlling and its four main elements: Cost Element Accounting, Cost Center Accounting, Internal Orders Accounting, and Profit Center Accounting.
2. It describes how to set up the main components of Controlling like maintaining controlling areas and versions, creating cost elements, cost centers, and internal orders.
3. Steps are outlined for tasks like posting journal entries, generating reports, and planning in Controlling.
JKT education is a leading ISO certified education and career services provider in Asia that is part of the JK Organization, one of India's largest industrial groups. JKT offers a comprehensive portfolio of IT and soft skills training programs tailored to industry needs, including programs in technologies like SAP, social media marketing, and integrated industry solutions. SAP is the world's largest inter-enterprise software provider and creates a centralized database for all applications in an organization, with key modules including sales, distribution, finance, accounting, and business intelligence.
Asset acquisitions can be posted in Asset Accounting integrated with accounts payable, without a purchase order link, through materials management for self-produced assets, or by capitalizing production costs through investment management. The asset value date determines the capitalization and depreciation start dates and affects planned depreciation amounts.
Profit Center Accounting enables structuring a company according to strategic business units (SBUs) to provide full income statements and selected balance sheet items by business line and sector. It reflects material movements between SBUs at commercial transfer prices rather than cost. Master data must be organized by assigning objects to profit centers. Actual values flow through the profit centers in parallel to business transactions. The information system provides reports on profit centers, including interactive and list-oriented reports.
Sap fi integration with other modules in sap ficowhynet2005
This document discusses the integration between SAP FI (Financials) with other SAP modules like MM (Materials Management), CO (Controlling), and SD (Sales and Distribution). It provides examples of how transactions in these modules result in automatic accounting postings to the FI module. Key points covered include defining accounts and transaction keys to integrate overhead cost allocations from CO, inventory valuations from MM, and revenue/expense accounts from SD billing documents.
New gl functionality_by_guntupalli_hari_krishna_Hari Krishna
SAP NUEVO LIBRO MAYOR,SAP NEW دفتر الأستاذ العام,SAP新总账,SAP neue Hauptbuch,एसएपी नई सामान्य खाता,எஸ்ஏபி புதிய பொது லெட்ஜர்,SAP NEW総勘定元帳,SAP의 새로운 원장,SAP General Ledger НОВЫЙ,SAP NUEVO LIBRO MAYOR,SAP NEW GENERAL LEDGER
SAP FICO Overview, This Slide provides you the Basic Overview of SAP FICO ,Finance and Controlling module deals with the Financial Management of an Organisation. SAP Provides an ERP Solution to handle Accounts for Major Enterprises
This document provides an overview of SAP S4 HANA functionality including FICO configuration, general ledger accounting, taxes, accounts payable, accounts receivable, asset accounting, and integration with other SAP modules. It also discusses ERP concepts, the SAP architecture and language, job roles for SAP consultants and users, and the steps to configure the general ledger and migrate accounting to SAP S4 HANA.
The document provides an overview of accounts receivable processes in SAP, including master data, credit management, invoice processing, cash receipting, and periodic processing. It describes setting up customer accounts, credit limits, and payment terms. The key processes covered are creating invoices, debit/credit memos, parked documents, and intercompany postings. Reports and periodic jobs are listed for managing accounts receivable.
SAP FICO Module is used for those who are in the Finance and Accounting Professionals, who wish to delve into a creative and interactive scenario by which they can apply their Real Time experience and expertise to another level of fantastic intellectual stimulation.
This document provides instructions for configuring automatic postings in an ERP system for inventory management and invoice verification transactions. Key steps include defining valuation levels, charts of accounts, valuation grouping codes, valuation classes, and account groupings. The system can then simulate postings to automatically determine the correct GL accounts based on these definitions and the transaction type. Definitions must be made for each chart of accounts and valuation grouping code combination.
This document provides instructions for configuring automatic payments in SAP FI, including:
- Setting up company codes, payment methods, and bank accounts
- Configuring payment methods per country and company code
- Determining bank accounts for payments based on payment ranking, available amounts, value dates, and expenses
The document covers key transactions and master data for setting up and maintaining payment programs in SAP.
This presentation covers the basic modules of Financial accouting of SAP FICO module.This is for presentation purpose and doesn't serve as a full fledged presentation on SAP FI
The document provides instructions for reconciling a bank statement in SAP. It describes entering bank statement details such as opening balance, closing balance, and transaction amounts. These entries are saved and then posted to clear open items in clearing accounts and transfer them to the main bank account. This reconciles the bank balance with the balance in the company's books of accounts.
This document provides an overview of key components and features of financial accounting in SAP, including the general ledger, accounts payable, accounts receivable, asset accounting, and bank accounting. It describes the organizational structure for accounting including company codes and charts of accounts. It also lists features such as real-time integration between modules, document control functions, multicurrency support, and automatic processes for payments, depreciation, and more.
This document provides a template for documenting a business process design for an SAP implementation project. It includes sections for describing the business process, diagrams, process steps, locations, policies, integration points, future improvements, and the functional solution. Instructions are provided in blue text to guide users on completing the template, such as addressing localized processes, business change requests, and following a naming convention. The document also includes sections for identification details, revision history, and review/approval.
Cash Management in SAP S/4HANA Finance takes care of the cash movements in business. It ensures on-time availability of funds for financial requirements and payment obligations and maintains accurate liquidity in the business.
SAP FICO - Why SAP uses Internal Orders?Sanjay Ram
The document discusses SAP's use of internal orders to temporarily accumulate costs for specific projects or tasks over a short period of time. It provides examples of using an internal order to track gift costs for an annual staff dinner until winners are determined via a lucky draw. The key points made are:
1) Internal orders allow costs to be accumulated for a specific project/task over a short time period, unlike cost centers which are for longer-term fixed reporting.
2) An example is provided of using an internal order to track gift costs for a staff lucky draw, which will later be allocated to individual cost centers once winners are known.
3) Steps are outlined for creating an internal order in SAP,
A job oriented SAP FICO ONLINE TRAINING by real time domain experts with real time scenarios. Attend a free demo on SAP FICO COURSE to asses the quality of our training. Arrowsol Technologies provide both class room and online training.
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
The document discusses migrating to SAP's New General Ledger. It introduces the New GL and reasons for migrating, including improved reporting and faster closing. It outlines four migration scenarios of increasing complexity and notes scenario 1 is the simplest. The migration process involves three phases - planning, customizing and testing in the new GL, and go-live. SAP migration services are recommended to validate the scenario and testing. Historical data is not migrated, so alternative reporting solutions are needed. The migration cockpit tool is introduced to manage the project tasks.
1. SAP is an ERP system that uses common data records across business processes like procurement, production, and sales. It contains three types of data: configuration data, master data like customer and product records, and transactional data from events.
2. Business processes are classified as either operational processes like procurement, production, and sales or support processes like accounting. They are integrated through shared data.
3. Users log into specific clients and company codes within SAP, and have roles and passwords that restrict their access and tasks.
The document discusses key concepts in SAP including clients, company codes, charts of accounts, passwords, roles and profiles, sessions, configuration, business processes, and types of data. It explains that clients, company codes, and charts of accounts are used to separate accounting entities, while roles and profiles control user permissions. The document also distinguishes between master data, transaction data, and configuration data that make up the different types of information stored in SAP.
This document provides an overview of bank account reconciliation in SAP. It discusses how bank accounts are set up with a main bank account and clearing accounts for outgoing/incoming checks and transfers. It also describes the process of uploading a bank statement, either manually or electronically, to reconcile the bank balance in SAP with the bank's statement. The document explains how to configure check deposits, manual bank statements, and electronic bank statements by setting up account symbols, keys, posting rules, business transactions, and variants.
Este documento presenta la funcionalidad de IFRS en SAP Business One, incluyendo la configuración de campos, documentos y reportes para cumplir con los requerimientos de IFRS. Explica cómo configurar campos de referencia, crear documentos y generar reportes financieros tanto en IFRS como locales. También cubre la configuración y creación de activos fijos para cumplir con el tratamiento contable de IFRS.
Acutesoft Offers professional SAP FSCM Online Training. We have 8+ years of experienced trainers. SAP FSCM produces this possible because it is integrated with core SAP ERP functionality , it helps to ensure that the personnel in the receivables function have accessibility to the modern data and are in sync with all the other divisions . SAP FSCM is a developed suite of solutions for a business receivables function like Collections Management , Dispute Management , Credit Management and Biller Direct .
This document provides instructions for configuring profitability analysis in SAP. It discusses defining characteristics and value fields, which are the key dimensions and values used to analyze profitability. Characteristics can be predefined, fixed, copied from reference tables, or custom defined. Instructions are provided for viewing existing characteristics, creating new user-defined characteristics like "Bill to party" and "Business field", and activating the new characteristics for use. The document outlines the overall profitability analysis configuration process and provides a guide to setting up the necessary master data and structures.
This document provides instructions for configuring product costing in SAP. It discusses setting up overhead cost elements, calculation bases, percentage overhead rates, credits, and other basic settings needed for material cost planning. The configuration shown is for a company called A Ltd that requires setting up material and production overheads of 5% and 4% respectively, calculated based on materials and wages, and credited to the appropriate cost centers.
This document provides instructions for customizing SAP for financial accounting in an organization called MAHESH NAIDU GROUP OF COMPANY. It includes steps to define the company and company code, create a chart of accounts, assign accounts and groups, set up fiscal years and periods, define document types and number ranges, and configure additional settings like field status variants and tolerance groups. The customization prepares the SAP system for financial transactions for the company.
This document provides information about setting up SAP for a company called Pennar Steel Ltd. It discusses creating clients, users, and customizing the system. Key points include:
- Two clients will be created - a development client for customization and testing, and a production client for live data.
- A core team from Pennar and the implementation company Wipro will oversee the project.
- The company, company code, business areas, chart of accounts and account groups must all be defined in the system. This will establish the basic accounting structure for Pennar Steel Ltd.
The document discusses the history and development of artificial intelligence over the past 70 years. It outlines some of the key milestones in AI research from the early work in the 1950s to modern advances in machine learning. While progress has been made, fully general artificial intelligence that can match or exceed human levels of intelligence is still an ongoing challenge that researchers are working to achieve.
The document provides an overview of SAP's general ledger functionality and processes. It discusses [1] the key master data elements like charts of accounts, account groups, and cost elements; [2] transaction processing including journal entries, foreign currency posting, and document reversal; and [3] periodic processes such as account reconciliation, period-end closing, and reporting. The general ledger acts as the central accounting hub that integrates with other SAP modules to ensure accurate and compliant financial accounting.
This document provides an overview of the configuration steps needed to set up general ledger accounting in SAP. It includes instructions for setting up ledgers, fiscal year variants, document types, number ranges, account determination, validation rules, tax settings, and more. The document is intended to guide the reader through all major areas of general ledger configuration in SAP.
Detailed explanation of Youwe’s SAP eCommerce solution using Magento and the SAP R3/ECC Connector.
SAP eCommerce
- The Magento SAP Connector
- SAP eCatalog using Magento
- SAP eCart using Magento
- SAP eQuote using Magento
- SAP Logistic Portal (invoices, order, deliveries)
Vertex Configuration Guide. A to Z Steps with Description.Keyur Mistry
This document provides instructions for configuring SAP's tax interface system to calculate taxes using an external tax system. It outlines the basic tax calculation processes in SD, MM, and FI and lists the required configuration steps. These include configuring the communication between SAP and the external system, testing the tax data retrieval and calculation, activating the external tax calculation, and customizing various master data tax classifications and indicators. The document also covers pricing procedures, condition techniques, and setting up tax codes and accounts. Appendices provide additional details on topics like the external tax system audit file updates and using the tax interface user-exit.
This document provides guidance on configuring SAP's tax interface system to calculate taxes using an external tax system. It outlines the basic tax calculation processes in different SAP modules, required configuration steps including defining communication and testing the external system, and customizing master data and tax codes. The document also includes several appendices on related tax interface topics.
This document provides guidance on configuring SAP's tax interface system to calculate taxes using an external tax system. It outlines the basic tax calculation processes in different SAP modules, required configuration steps including defining communication and testing the external system, and customizing master data and tax codes. The document also includes several appendices on related tax interface topics.
This document provides guidance on configuring SAP's R/3 tax interface system for communication with an external tax calculation system. It outlines the required configuration steps for defining tax jurisdictions, maintaining master tax data, setting up tax codes, and activating the tax interface. It also provides appendices on optional configurations for areas like tax document handling, user exits, freight taxability, and general ledger tax account maintenance.
The document discusses SAP's Central Finance solution, which allows companies to establish a centralized SAP S/4HANA system for financial reporting and processing without disruption to existing system landscapes. Key capabilities include replicating financial and management accounting postings from source systems to a central system for common reporting, mapping different accounting entities across systems to a single structure, and executing select financial processes centrally. The document provides information on configuration, data mapping, tax reporting, payment processing and other components of Central Finance implementations.
This document provides guidance on configuring SAP's tax interface system to calculate taxes through an external tax calculation system. It covers topics such as defining the communication between SAP and the external system, testing the tax data retrieval and calculation, activating the external tax calculation, configuring tax-related master and transactional data, and customizing tax-related pricing and accounts. The intended audience is consultants and clients implementing the tax interface system.
This document provides configuration steps for Treasury and Risk Management in SAP. It includes settings for business partners, number ranges, market data, transaction management and accounting. Some of the key configuration items covered are defining BP roles, number ranges, reference interest rates, yield curve types, product types, transaction types, flow types, update types and account determination. The document provides detailed instructions on how to configure these master data and setup options in SAP for treasury management.
This document provides configuration steps for Treasury and Risk Management in SAP. It includes settings for business partners, number ranges, market data, transaction management and accounting. Key areas covered are defining BP roles, number ranges, reference interest rates, yield curve types, transaction types, flow types, update types and account determination. The document aims to guide implementing TRM configuration in a step-by-step manner.
This document provides configuration steps for Treasury and Risk Management in SAP. It includes settings for business partners, number ranges, market data, transaction management and accounting. Some of the key configuration items covered are defining BP roles, number ranges, reference interest rates, yield curve types, product types, transaction types, flow types, update types and account determination. The document provides detailed instructions on how to configure these master data and setup options in SAP for treasury and risk management.
This document is a manual for Open ERP, an open-source ERP software. It provides an overview of Open ERP's features and capabilities for integrated business management. The document guides readers through installation, configuration, and use of Open ERP modules for managing customer relationships, accounting, operations, stock, manufacturing, and more. It also includes examples and case studies.
This document is a user manual for Open ERP, an open-source ERP software. It provides instructions on installing and initially configuring Open ERP, including creating a database, connecting to the software, and taking a guided tour of its interface and functionality. It then demonstrates how to use Open ERP to manage common business processes like accounting, customer relationship management, inventory, and manufacturing.
This document provides an overview of accounting and chargeback concepts and describes how to set up and use the Resource Accounting Feature (RAF) of Tivoli Decision Support for OS/390 to capture system resource usage data and generate bills. It covers RAF components, host considerations, installing the accounting console, exploring the demo database, and processes for customizing and running the monthly billing cycle. The goal is to help customers quickly establish host and workstation accounting environments to use financial databases for multiple analyses and planning.
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TABLE OF CONTENTS
INTRODUCTION.........................................................................................................5
1 Creating company code.....................................................................................7
2 Ledgers (New).................................................................................................. 12
2.1.1 Ledger.................................................................................................. 12
2.1.1.1 Define Ledgers for General Ledger Accounting..................... 12
2.1.1.2 Define Currencies of Leading Ledger...................................... 16
2.1.1.3 Define and Activate Non-Leading Ledgers............................. 19
2.1.1.4 Assign Scenarios and Customer Fields to Ledgers .............. 22
2.1.1.5 Define Ledger Group.................................................................. 27
2.1.1.6 Activate New General Ledger Accounting.............................. 30
2.1.1.7 Maintain Fiscal Year Variant..................................................... 32
2.1.1.8 Assign Company Code to a Fiscal Year Variant.................... 33
2.1.1.9 Define Posting period Variant ................................................... 35
2.1.1.10 Assign Posting period Variant to Company code................. 36
2.1.1.11 Open and Close Posting Periods ............................................ 38
2.1.2 Parallel Accounting ............................................................................ 41
2.1.2.1 Define Accounting Principles .................................................... 41
2.1.2.2 Assign Accounting Principle to Ledger Groups...................... 42
2.1.3 Real-Time Integration of Controlling with Financial Accounting. 42
2.1.3.1 Define Variants for Real-Time Integration............................... 42
2.1.3.2 Assign Variants for Real-Time Integration to Company Codes
....................................................................................................... 43
2.1.3.3 Define Account Determination for Real-Time Integration..... 44
3 Global Parameters for Company Code......................................................... 48
3.1.1 Enter Global Parameters................................................................... 48
4 Document.......................................................................................................... 50
4.1 Documents in Entry View ......................................................................... 50
4.1.1 Define Document Number Ranges for Entry View (FBN1)......... 50
4.1.2 Copy document number ranges to fiscal year (OBH2) ................ 53
4.1.3 Define Document Types for Entry View.......................................... 55
4.2 Documents in General Ledger View ....................................................... 61
4.2.1 Define Document Number Ranges for General Ledger View
(FAGL_DOCNR)............................................................................................... 61
4.2.2 Define Document Types for Entry View in a Ledger..................... 66
4.2.3 Define Document Types for General Ledger View ....................... 69
5 Define Field Status Variants ........................................................................... 73
6 Assign Company Code to Field Status Variants ......................................... 76
7 Define Tolerance Groups for Employees..................................................... 77
8 Assign Users to Tolerance Groups ............................................................... 81
9 Define Company............................................................................................... 83
10 Assign company code to company............................................................ 84
11 Create Chart of accounts ............................................................................ 85
12 Assign Company code to Chart of accounts............................................ 87
13 Define Account Group................................................................................. 88
14 Define Retained Earnings Account ........................................................... 90
15 Create GL account in Chart of accounts and company code ............... 92
16 Delete G/L Account (OBR2).....................................................................105
17 Delete Chart of Accounts (OBY8)............................................................107
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18 Create Additional sort keys (OBY8)........................................................109
19 Document splitting......................................................................................111
19.1.1 Classify G/L Accounts for Document Splitting .........................114
19.1.2 Classify Document Types for Document Splitting...................118
19.1.3 Define Zero-Balance Clearing Account.....................................122
19.1.4 Define Document Splitting Characteristics for General Ledger
Accounting.......................................................................................................125
19.1.5 Edit Constants for Nonassigned Processes .............................127
19.1.6 Activate Document Splitting........................................................129
20 Define Segment..........................................................................................131
21 Define Profit Center...................................................................................133
22 Assign Default Profit Center to Accounts...............................................140
23 Define Translation Ratios for CurrencyTranslation..............................142
24 Enter Exchange Rates...............................................................................145
25 Define Worklist for Exchange Rate Entry...............................................146
26 Assign Exchange Rate to the Worklist....................................................147
27 DEFINING VALIDATION & SUBSTITUTION ........................................148
27.1 Define Validations for Posting............................................................148
27.2 Define Substitution in Accounting Documents (OBBH) .................162
28 TAX SETTINGS SALES / PURCHASE CONFIGURATION ...............172
28.1 Check Calculation Procedure.............................................................172
28.2 Assign Country to Calculation Procedure ........................................176
28.3 Define Tax Codes for Sales and Purchases (FTXP)......................177
28.4 Assign Company Code to Document Date for Tax Determination
191
28.5 Specify Base Amount..........................................................................192
28.6 Define Tax Accounts (OB40) .............................................................193
28.7 Assign Tax Codes for Non-Taxable Transactions ..........................197
29 Configuration for GL Automatic clearing: -.............................................198
29.1 Automatic Clearing...............................................................................198
29.2 Define Tolerance Groups for G/L Accounts.....................................199
29.3 Assigning accounts for GL Clearing Differences ............................201
30 Configuration for Foreign currency Valuation ........................................202
30.1 Define Valuation methods...................................................................202
30.2 Define Valuation Areas .......................................................................208
30.3 Check Assignment of Accounting Principle to Ledger Group.......209
30.4 Assign Valuation Areas and Accounting Principles........................210
30.5 Prepare Automatic Postings for Foreign Currency Valuation.......212
31 Configuration for regrouping postings.....................................................220
31.1 Define Adjustment Accounts for GR/IR clearing .............................220
32 Allocation .....................................................................................................224
32.1 Define Field Usage for Distribution ...................................................224
32.2 Define Field Usage for Assessment..................................................227
33 Creating Balance sheet and Profit and Loss account..........................229
33.1 Define Financial Statement Version (FSV) ......................................229
34 FI Integration with other modules ............................................................250
34.1 Integration with Materials Management ...........................................250
34.2 Integration with Sales and Distribution .............................................274
35 Deactivate Update of Classic General Ledger (GLT0).........................281
36 Set Company Code to Productive ...........................................................282
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INTRODUCTION
This material is applicable for SAP ECC 5and ECC 6 version.
SAP has introduced a new concept called as SAP New GL structure.
Let us understand this concept of SAP New GL structure and its use.
Typically in SAP you can depict parallel accounting. Which means you can
carry out valuations and closing operations for a company code according to
local accounting principle and a second accounting principle (parallel) i.e. the
group accounting principle.
Till version 4.7 you could carry out the parallel accounting only by using
additional accounts.
Certain GL accounts are common between 2 the accounting areas.
Certain GL accounts applicable only for local reporting
Certain GL accounts applicable only for group reporting.
This kind of a set up requires 2 retained earnings accounts.
The disadvantage of this set ups is lot of GL accounts are required and
sometimes reconciliations become difficult.
To do away with the above approach SAP has now introduced the SAP New
GL structure. In this approach parallel accounting is depicted using an
additional ledger.
The data for one accounting principle is stored in the general ledger. This
ledger is known as the Leading ledger or Leading valuation view.
For each additional (parallel) accounting principle, you create an additional
ledger
The advantages of this approach are:-
1) You do not have to create any additional G/L accounts
2) You manage a separate ledger for each accounting principle
3) You can use the standard reporting functions to create a financial
statement
4) You can have different fiscal year variants attached to each of the
additional ledger.
5) You can make manual postings to any of the additional ledgers.
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Configuration Scenario:
A Grp of companies (Parent company) is a multinational company with
companies across the world with base in Germany. The company has
decided to implement SAP for its subsidiary GLtd located in India. A Grp of
companies have to use the common chart of accounts. The currency in India
is INR. The Parent company wants the accounts to be prepared based on
Calendar year January to December. The Financial reporting should be in
EURO.
G Ltd has a local reporting requirement under the companies act
G Ltd also has a tax requirement to prepare it Accounts based on accounting
period April to March.
Based on the above requirements we need to configure the following using
the SAP New GL structure:-
Create company code 9101 – G Ltd.
The company code currency– INR
Parallel currencies to be implemented – EURO
Common chart of accounts – YCCA
Ledger 0L (leading valuation view) reporting period – Jan to December for
group reporting
Ledger Y1 (additional ledger) for local reporting under the companies act.
Ledger Y2 (additional ledger) for local tax reporting period (April to March)
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1 Creating company code
Company code is the basic organizational unit in FI (Financial accounting) for
which a balance sheet and profit & loss account can be drawn. We create
company code 9101 (G Ltd.) which is located in country India.
For doing the configuration we use the following path on the SAP application
screen:-
SAP Menu à Tools à Customizing à IMG à SPRO - Execute Project à
Configuration for all the modules will be done here. The above path will
not be referred henceforth; we will directly refer to the IMG node.
SAP Customizing Implementation Guide à Enterprise Structure à Definition
à Financial Accounting à Edit, Copy, Delete, Check Company Code
Double click on EditCompany Code
data
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By selecting the second option Edit Company Code data you have to
manually configure all the subsequent assignments.
By selecting the first option all the configuration and tables get copied
automatically along with assignments. This option should be selected in case
of rollouts.
In the Copy option you need to click on to copy a company code from an
existing company code. You can copy from existing company code delivered
by SAP.
You can select a four-character alpha-numeric key as the company code key.
This key identifies the company code and must be entered when posting
business transactions or creating company code-specific master data, for
example.
We will cover the FI configuration from scratch and not copying
configuration from an existing company code.
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Click on and update the following fields:
The company code should be always kept numeric.
Country: The country where company code is located and the balance sheet
and income statement which will be prepared according to that country law.
Here the company is located in India so, we have selected the country id IN
(INDIA).
Currency: It is the local reporting currency of the country. In this case it is INR
(Indian rupees) since the company is located in India.
Click on Address and update the following fields
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Click
Click to save entry.
Thus company code 9101 is created in SAP.
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2 Ledgers (New)
2.1.1 Ledger
2.1.1.1 Define Ledgers for General Ledger Accounting
You define the ledgers that you use in General Ledger Accounting. The
ledgers are based on a totals table. SAP recommends using the delivered
standard totals table FAGLFLEXT.
The following types of ledgers are available:
Leading Ledger
The leading ledger is based on the same accounting principle as that of the
consolidated financial statement. It is integrated with all subsidiary ledgers
and is updated in all company codes. You must designate one ledger as the
leading ledger.
In each company code, the leading ledger automatically receives the settings
that apply to that company code: the currencies, the fiscal year variant, and
the variant of the posting periods.
In our scenario the group reporting is handled by the Leading Ledger.
Non-Leading Ledger
The non-leading ledgers are parallel ledgers to the leading ledger. They can
be based for example on local accounting principles
You must activate a non-leading ledger by company code.
For each ledger that you create, a ledger group of the same name is
automatically created.
In our scenario the local reporting is handled by the Non- leading ledger.
IMG à Financial Accounting (New) à Financial Accounting Global Settings
(New) à Ledgers à Ledger à Define Ledgers for General Ledger
Accounting
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0L is the Leading Ledger.
Click on
Update the following:-
Click on
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Click
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Click
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2.1.1.2 Define Currencies of Leading Ledger
IMG à Financial Accounting (New) à Financial Accounting Global Settings
(New)à Ledgers à Ledgerà Define Currencies of Leading Ledger
Here you specify the currencies to be applied in the leading ledger. You can
make the following settings for each company code
Click on
Update the following:-
Click
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Now update the following:-
Click on
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2.1.1.3 Define and Activate Non-Leading Ledgers
IMG à Financial Accounting (New) à Financial Accounting Global Settings
(New)à Ledgers à Ledgerà Define and Activate Non-Leading Ledgers
Here you make the following settings for the non-leading ledgers for each
company code:
• You activate the non-leading ledgers in the company code.
• You can define additional currencies beyond that of the leading ledger.
The first currency of a non-leading ledger is always the currency of the
leading ledger (and hence that of the company code). For the second
and third currencies of a non-leading ledger, you can only use currency
types that you have specified for the leading ledger.
• You can define a fiscal year variant that differs from that of the leading
ledger. If you do not enter a fiscal year variant, the fiscal year variant of
the company code is used automatically.
• You can specify a variant of the posting periods.
Update the following:-
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Click on
Update the following:-
Click on
Click
Now update the following:-
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Click on
Update the following:-
Take a drop down in the field FV (Fiscal year variant)
You can even assign a different posting period variant to this ledger
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Click on
2.1.1.4 Assign Scenarios and Customer Fields to Ledgers
IMG à Financial Accounting (New) à Financial Accounting Global Settings
(New)à Ledgers à Ledgerà Assign Scenarios and Customer Fields to
Ledgers
In this IMG activity, you assign the following to your ledgers:
Scenarios
This determines what fields in a ledger are updated when it receives posting
from other application components.
Custom Fields
You can add custom fields (that you have already defined) to the ledger.
Versions
This enables you to make general version settings for the ledger that depend
on the fiscal year. In the versions, you specify whether actual data is
recorded, whether manual planning is allowed, and whether planning
integration with Controlling is activated.
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Select
Click
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Click
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Click
Click on
Click on
Click
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Click
Select
Click
Click on
Update the following:-
Click on
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To assign Profit center update you need to have profit center module active.
Click
Select
Click
Click on
Update the following:-
Click on
2.1.1.5 Define Ledger Group
IMG à Financial Accounting (New) à Financial Accounting Global Settings
(New)à Ledgers à Ledgerà Define Ledger Group
Here you define ledger groups. A ledger group is a combination of ledgers for
the purpose of applying the functions and processes of general ledger
accounting to the group as a whole.
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When posting, for example, you can restrict the update of individual postings
to a ledger group so that the system only posts to the ledgers in that group.
You can combine any number of ledgers in a ledger group. In this way, you
simplify the tasks in the individual functions of General Ledger Accounting.
When a ledger is created, the system automatically generates a ledger group
with the same name. In this way, you can also post data to an individual
ledger or access it when using functions where you can only enter a ledger
group and not ledgers.
You can change the name of the ledger group that was taken from the ledger.
You only have to create those ledger groups in which you want to combine
several ledgers for joint processing in a function.
You do not need to create a ledger group for all ledgers because the
system automatically posts to all ledgers when you do not enter a ledger
group in a function.
Representative Ledger of a Ledger Group
The system uses the representative ledger of a ledger group to determine the
posting period and to check whether the posting period is open. If the posting
period for the representative ledger is open, the system posts in all ledgers of
the group, even if the posting period of the non-representative ledgers is
closed. Each ledger group must have exactly one representative ledger:
If the ledger group has a leading ledger, the leading ledger must always be
identified as the representative ledger.
If the ledger group does not have a leading ledger, you must designate one of
the ledgers as the representative ledger. If the ledger group has only one
ledger, this ledger is then the representative ledger. If the ledger group has
more than one ledger, the system checks during posting whether the
representative ledger was selected correctly. This check is based on the fiscal
year variant of the company code:
We do not want to group the ledgers, therefore we do not do any
configuration here.
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Select
Double click
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Select Y1
Double click
Similarly you can check Y2
2.1.1.6 Activate New General Ledger Accounting
IMG à Financial Accountingà Financial Accounting Global Settings à
Activate New General Ledger Accounting (FAGL_ACTIVATION)
By activating New General Ledger Accounting, you achieve the following:
1) The functions for new General Ledger Accounting become available.
2) In the SAP Reference IMG, the previous Financial Accounting menu is
replaced by the Financial Accounting (New) menu. Under Financial
Accounting Global Settings (New) and General Ledger (New), you can
make the settings for New General Ledger Accounting.
3) You activate the tables of new General Ledger Accounting so that your
posting data is written to them.
If you already use classic General Ledger Accounting in your production
system, you need to perform the migration of this data before you activate