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 there still the possibility in S/4 to use the account solution - even if the New GL is activated?
Anyone planning to switch to S/4HANA should get an overview at an early stage, make organizational and system-related decisions and weigh up what preparations are necessary in the company.
With the introduction of the new general ledger, companies can use innovative functionalities to manage their processes in finance and controlling in a more targeted manner on the one hand, and complete them in much less time on the other. The real-time integration of controlling into financial accounting means a major change for financial accounting in ERP. The reduced reconciliation effort is the first step towards simplified month-end closing. This process is further streamlined with S/4HANA.
The simplified and optimized mapping options of parallel accounting are supplemented by the document splitting process with the balance sheet and P&L presentation on selected dimensions such as profit centers or segments.
Overall, the New GL is a major step towards flexibility. The data structure has been enhanced with new fields and can also be further expanded with customer-specific fields. Optional scenarios are also available to meet both external and internal reporting requirements.
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.