New G/L

[Former Member]

Can anybody explain me what is the difference between classic gl and new gl with examples ? and also tell configuration settings.

Thanks & Regards

R.Manigandan

[Former Member]

Hi,

New General Ledger (New G/L) has all the functions of the classic General Ledger but has been enhanced with special ledger functions to create greater flexibility.

The following analogy serves to illustrate this flexibility: Picture the binding of New G/L as an extendible book cover and the individual ledgers as chapters in the book. In contrast to a book with a hard cover, new chapters can simply be added as required. This option of adding new chapters u2014 i.e., ledgers u2014 is a defining feature of New G/L. Once all of the chapters/ledgers have been put together, the result is a single thick bound volume.

The ability to create non-leading ledgers easily (this was also an option in classic GL using Special purpose ledger - but was a bit cumbersome), Document Splitting and Real-Time Integration of Controlling with Financial Accounting are additional features of New G/L. Also, when you activate new G/L, FAGLFLEXA and FAGLFLEXT tables are generated and get updated with postings.

Please read following Links for more information:

http://help.sap.com/printdocu/core/Print46c/en/data/pdf/FIGL/FIGL.pdf

http://www.sap.com/solutions/business-suite/erp/financials/pdf/BWP_New_Gen_Ledger_Acct_Functions.pdf

Best Regards,

Amit

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