SAP New General Ledger (New GL)
The new general ledger in SAP has been available since the introduction of SAP ERP 6.0. With S/4HANA, however, it is no longer an option but a must! But what functions does the new general ledger offer and why is it so important to understand the interaction between New GL and S/4HANA in detail? Is it still possible to use the account solution in S/4 - even if New GL is activated? Anyone planning to switch to S/4HANA should get an overview early on, make organisational and system-related decisions and weigh up which preparations are necessary in the company.
Closer integration of internal and external accounting
With the introduction of the new general ledger, companies can use innovative functionalities to control their processes in financial accounting and controlling in a more targeted way on the one hand, and on the other hand to complete them with considerably less time expenditure. The real-time integration of controlling into financial accounting means a major change for finance in ERP. The reduced reconciliation effort is the first step towards simplified month-end closing. This process will be further streamlined with S/4HANA. The simplified and optimised mapping options of parallel accounting are complemented by the document splitting procedure with the balance sheet and P&L presentation on selected dimensions such as profit centres or segments.
Overall, the New GL is a big step towards flexibility. New fields have been added to the data structure and it can also be further expanded with customer-specific fields. In addition, optional scenarios are available to meet both external and internal reporting requirements.
"old" vs. "new world"
Mainly due to the different data models in ECC and S/4HANA, the functionalities and features of the new general ledger vary depending on whether it is implemented in ECC or S/4HANA.
What are the advantages of introducing the new general ledger?
With New GL, you benefit from accelerated period-end closing (Fast Close), improved mapping of parallel, international accounting standards and guidelines in your SAP system, and accounting options at profit center, segment and business unit level.
- Extended integration of FI and CO
- Real-time realtime posting
- Simplified and optimised mapping options of parallel accounting rules
- Additional reporting dimensions, e.g. at segment level
- Greater flexibility for customer-specific fields
- Functionalities for applying parallel valuations and transfer prices also available in new general ledger accounting
Our Customers
Our services: This is how we support you during the conversion to the new GL
- Support in carrying out analyses of your systems
- Definition of the target solution
- Harmonization of structures, master data and processes
- Redesign of business processes
- Implementation of parallel accounting
- Implementation of test and real migrations
