New gl configuration sap pdf

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Manage Operating Chart of Accounts. Deprecated configuration activity. The configuration step is deprecated. You can make the required setting now in the new configuration activities: Define Rules for Impairment Assign Rules for Impairment to Accounting Principles.

You assign the accounting principle now in the following configuration steps of the individual functions: Assign Discounting Rules to Accounting Principle Assign Rules for Impairment to Accounting Principles. Check Exchange Rate Types. When you set the checkmark for Short Exchange Rate , the system uses the rate rounded to five decimal places in exchanges of currency amounts. Accounting and Financial Close.

The subsequent process cannot be posted as a result of the error message. In particular, we cannot convert the documents that are already posted. The required information is not created for the document splitting, which means that the item now open in this account cannot be cleared. Since the account determination is processed for the clearing accounts when we make reversal postings, an account that deviates from the original document is posted to during the reversal.

Document Splitting - Conclusion SAP delivered configurations for document splitting rules in standard document splitting methods can serve only as a guide and can work only for standard business processes.

In any SAP implementation, there may be certain scenarios or posting rules which is customer specific or non-standard. In such cases, it may necessitate creation of Custom document splitting methods and associated rules and doing necessary modifications only in the Own-defined splitting method.

SAP standard configurations should not be changed. GAAP in the U. An internationally recognized account standard is increasingly in demand. It consists of two ledgers, namely: - Leading Ledger - Non Leading Ledger Leading Ledger: For each client, there is a leading ledger to which all company codes are assigned.

This ledger should contain the group valuation view. 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. It automatically receives the settings that apply to the company code like the local currency and also additional currencies that are assigned to the company code, uses the same fiscal year variant and posting period variant that are assigned to the company code.

Non Leading Ledger: We can also create additional ledgers called as non-leading ledgers for each company code. By having different characteristic values and fiscal year definitions, these additional ledgers can be used for different purposes, such as for parallel accounting or for management reporting.

In short, non leading ledgers are parallel ledgers to the leading ledger. Similar to leading ledger, non leading ledgers need to be created in this step. If there is any requirement for additional currencies for leading ledgers, it can be created in this path. The fields that are updated by the scenarios can be used to model certain business circumstances — such as segmental reporting. In case of non-leading ledgers, multiple ledgers can be assigned to a single ledger group, but only one ledger can be assigned as a representative ledger for that ledger group.

Parallel Ledger — For primary processes Primary Processes Invoices, Payments, … Creation of one document for all parallel ledgers Accounting Interface Online split, substitution, … Fiscal year variant and subset of dimensions may differ per ledger.

SAP has created new easy access transactions which allow users to key in the ledger group at the time of posting.

If ledger group is not specified at the time of transaction processing, it will be posted to all the defined ledgers. Example: Incoming invoice, Outgoing invoice, Payments etc. Example: Incoming Bank account which is managed on open item basis cannot be posted only to non-leading ledger N1. With parallel ledger functionality in New GL, this gets simple and can be handled now by using parallel ledgers.

Purpose: To show how fixed asset transactions like depreciation, retirements etc. Example: Assign Depreciation area 61 to Non leading ledger N1 Here Depreciation area 61 is a derived depreciation from 01 and 60 depreciation areas. 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. A leading ledger is defined and additional ledgers are defined for parallel accounting or management reporting by assigning different characteristic values and fiscal-year definitions.

All Company Codes are assigned to a Leading ledger for each client, which contains the group-valuation view. Additional ledgers can be defined for each company code. Additional ledgers can be used for parallel accounting or management reporting by assigning different characteristic values and fiscal-year definitions. For general-ledger account postings that have a specified cost center, the system always reconciles the profit center and general-ledger account simultaneously, since the data is stored in the same table.

Document splitting means the document is split according to the proportions of the account assignments in the expense or revenue lines of the original document. Examples: Cash discounts and realized exchange rate differences are split according to the source document.