Benefits of New General Ledger
New General Ledger Accounting in mySAP ERP has the following advantages compared to classic General Ledger Accounting:
New General Ledger Accounting has an extended data structure in the standard delivery.
Customer fields can also be added to the general ledger.
With (real-time) document splitting, balance sheets can be created for entities, such as “Segment”.
You can run a real-time reconciliation of Management Accounting (CO) and Financial Accounting (FI) - there is the real-time integration with Controlling. This renders time-consuming reconciliation tasks obsolete!
New General Ledger Accounting makes it possible to manage multiple ledgers within General Ledger Accounting. This is one of the possible ways of portraying parallel accounting in the SAP system.
You may also like to read
- Advantages in New General Ledger
- Parallel Accounting Process in New General Ledger
- Accounting with the New General Ledger
- Reconciliation Ledger in SAP
- Activate New General Ledger
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