Sap fi asset configuration leading it services and. A chart of accounts can be used by multiple company codes. Migration to sap s4 hana finance sap documentation. Sap financial accounting configuration steps sap training.
Jul 28, 2019 scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. This will guide you step by step how to create new gl configuration in sap thanks vasu. Now new gl do this activity automatically once configuration is done. Finally the step to activate document splitting with additional settings like. Accomplish segment reporting using document splitting in the. Sap accounting powered by sap hana is based on new general ledger accounting fi gl new and uses functions such as ledgers to update a particular valuation, and the document splitting function. In the configuration each gl account is assigned to item category. How to configure electronic bank statements in sap sap. Scenarios in sap new gl general ledger accounting skillstek. This means that the general ledgers of these company codes have identical gl structure. Idoc or intermediate documents are commonly used in case of data migration between sap systems or between sap and legacy system or vice versa. Migration of classical gl to new gl with document splitting. Steps in accounts payable configuration are as follows. Sap fico i about the tutorial sap fi stands for financial accounting and it is one of important modules of sap erp.
Assign chart of depreciation to company code img a financial accountinga asset accountinga organizational structuresa assign chart of depreciation to company code one of the important steps is the assignment of chart of depreciation to the company code. Standard reports are already available and readily available to use. Sap fico general ledger accounting configuration steps. So splitting accounting line item on the basis of predefined criteria is document splitting. Naeem arif and sheikh muhammad tauseef sap erp financials.
References in this chapter to other areas of this and other oracle ebusiness suite users guides can enhance your understanding of how setting up general ledger affects the behavior of specific features and functions. Being offered in mysap erp, document splitting is one of the most powerful feature in new general ledger. For complete recorded training videos, please visit tesco uk is the registered. With the fields updated in the scenarios in sap new gl, we can. In the implementation guide, choose financial accounting newgeneral ledger accounting new business transactionsdocument splitting. This blog details the steps involved in configuring a new idoc and also lists down the various transactions that are used while working with idocs idocs can be classified into two. Oct 05, 2012 sap new gl configuration page 30 of 282. Classify gl accounts for document splitting you need to classify the individual document items so that the system knows how to handle them. It can happen that an organization might require the same account tree but different general ledgers, one of them in usd and the other one in eur. Dec 26, 20 for complete recorded training videos, please visit tesco uk is the registered. Pdf sap financial accounting configuration steps sap.
How is it different from its older coun answer hannah. It is recommended that instead of assigned item category to each individual general ledger account try maintaining the item categories for range of general ledger accounts. The general ledger accounting is the complete record of all business transactions. Recording all business transactions primary postings as well as settlements from internal accounting in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is. Migration to the new general ledger without document splitting.
Summary the note lists the steps to be followed in new gl migration for scenario 3 migration with document splitting. Posts about sapnew general ledger written by jayanth maydipalle. This document help you to understand sap fi new gl configuration in systematic manner and you need not to waste your time in spro for new gl configuration. Accounting global settings new tools deactivate update of classic general ledger. Jan 20, 2012 the main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. Summary the note lists the steps to be followed in new gl migration for scenario 3.
For more information, visit the enterprise resource planning homepage. Select y1 double click similarly you can check y2 2. The following figure provides you with an overview of the confirmation steps within the project phases. Introduction this material is applicable for sap ecc 6 version.
Working with the new gl migration cockpit applies to. You have set up the general ledger accounting new figl application component, meaning that new general ledger accounting is active. Let us understand this concept of new gl and its use. Hi all, we are exporting data from sap to excel file depending on company code, fiscal year, date range from tables bkpf and bseg for gl balance, bsid and bsad for customer, bsik and bsak for vendor it works fine. You will reach to change view activation of new gl acg detail screen and tick the checkbox and save.
Learn sap co month end closing activities step by step. Hi, the general ledger serves as a complete record of all business transactions. For information about activating individual functions in customizing, see the release. Parallel accounting in new general ledger sap simple docs. Configuration prevents direct postings to reconciliation. Document splitting basic steps now that you have understood the basic concepts behind the need of document splitting, lets explore the powerful features available in the new gl. These are used to define, which ledger is to be updated during posting. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. In the implementation guide, choose financial accounting new general ledger accounting new business transactionsdocument splitting. However, at the start of new year, you can definitely create a new parallel ledger, but without old transaction data. It is recommended to create a new general ledger configuration and link it to an organization once the account tree to use while posting transactions to that new general ledger has been created. Create posting key for agency fees as zagy interest earned as zine. General ledger, which was meant to meet external reporting only, to a more comprehensive code block to meet additional requirements. Sap fico general ledger accounting configuration steps sap.
When postings are made in accounts payable simultaneously recorded in the general ledger account. This document explains about new gl concept and configuration in step by step manner with screenshots. Consider the guidelines in this chapter as you set up general ledger for your organization. New gl configuration step by step financial accounting. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. Transaction code guides, customization configuration notes and more. Document splitting in new general ledger sap blogs. New gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. New gl configuration step by step free download as word doc. If you want the profit center, business area or segments to appear in line items which you have not entered while posting, then document splitting in sap will populate line items with the selected characteristics even when such line items are not populated manually. Step 6 identify your gl accounts for your asset classes. Feb, 2015 new gl in sap fico new general configuration in sap fico new gl concept in sap fico duration.
This way users can create financial statements for entities such as segments and meet the legal requirements. Once you migrate to s4hana finance from classical gl, you cannot activate a new parallel ledger. With an integrated general ledger, key stakeholders and decision makers have easy, quick and accurate access to information, which leads to management action and valueminded business decisions. Document splitting allows users to split accounting line items according to specific characteristics. The new general ledger accounting by a single click on the clock icon. Accounts payable records and manages accounting data for all vendors. If your team is making the migration to the new general ledger, youre going to need a guide. Read download sap new general ledger related notes, pdf materials, step by step enduser documents, training tutorials. Hi all, please provide me the new gl config steps for implementation. Define field status variants use in this activity you create a field status variant with the corresponding field status gr. Monitor of the migration steps with status management. Sap fi helps to analyze the financial conditions of a company in the market. Starting with constructing concepts, the author provides.
Configuration and design bonn boston 393 db 3 6611 4. The general ledger accounting is the complete record of all business transactions gl accounting configuration steps step1. Accomplish segment reporting using document splitting in. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. Sap financial accounting configuration steps sap training tutorials. If an indian company is registered in us stock exchange, it has to submit reports to stock exchange according to the financial year there in us i. New general ledger related notes, pdf materials, step ncbi genes and disease pdf by step.
Activate the new general ledger accounting by a single click on the clock icon2. Link the account symbols with corresponding gl accounts. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. After activation of new general ledger accounting, you exit the img screen when you reenter, you find that a new node is added financial accounting. Complete preparations before you set the preparation status of the project to completed, you should have performed all necessary configuration activities for the new currencies and for the project to manage currencies. Parallel accounting in new general ledger the new gl functions include parallel accounting, its an sap feature where you can maintain different sets of books to satisfy all different requirements of financial statement users accurately, efficiently and effectively.
You have set up the general ledger accounting new fi gl application component, meaning that new general ledger accounting is active. For indian companies financial year is april to march. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Learn the latest features of the sap general ledger in sap. Some configuration steps will be document splitting method, business transaction, business. Sap fico video training new general ledger, segment. Define ledger for general ledger accounting fa new fags new ledgers ledger define ledgers for general ledger accounting click on new. Typically in sap you can depict parallel accounting.
This chart of accounts is assigned to the company code. May 23, 2014 document splitting in sap is a new feature. The new general ledger in sap erp has the following advantages over the. Data transfer from a legacy system is usually the first activity that you need to perform in a new production system after configuration and asset classification.
Line item for vendor and tax are split on the base of predefined criteria. Define the account symbol for agency fees as agency interest earned as interest house bank as housebk1. It is used to store the financial data of an organization. Page 8 sap new gl simple finance we will cover the fi configuration from scratch and not copying configuration from an existing company code. Please note that though we cannot define own scenarios, we can use customerspecific fields. Document splitting is basically divided into three steps. Here in this step gls are classified according to item categories according to business transaction nature.
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