Difference Between Special Purpose Ledger and New General Ledger

Dear All,
Could any boy explain me the difference between Special Purpose Ledger and New General Ledger?
Regards
JS

Hi
General Ledger Accounting (FI-GL) (New) The central task of G/L accounting is to provide a comprehensive picture of external accounting and accounts. 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 always complete and accurate. Beyond fulfilling the legal requirements, General Ledger Accounting also fulfills other requirements for modern accounting: - Parallel Accounting General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles. - Integration of Legal and Management Reporting In General Ledger Accounting, you can perform internal management reporting in parallel with legal reporting. For this purpose, the Profit Center Accounting functions are integrated with General Ledger Accounting. Furthermore, you can generate financial statements for any dimension (such as profit center). - Segment Reporting General Ledger Accounting supports the segment reports required by the accounting principles IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles). For this purpose, General Ledger Accounting contains the Segment dimension. - Cost of Sales Accounting You can perform cost of sales accounting in General Ledger Accounting. For this purpose, General Ledger Accounting contains the Functional Area dimension. Features General Ledger Accounting comprises the following functions for entering and evaluating posting data: - Choice between group level or company level - Automatic and simultaneous posting of all subledger items in the appropriate general ledger accounts (reconciliation accounts) - Simultaneous updating of the parallel general ledgers and of the cost accounting areas - Real-time evaluation of and reporting on current posting data, in the form of account displays, financial statements with different balance sheet versions, and additional analyses. In this way, General Ledger Accounting automatically serves as a complete record of all business transactions. It is the central and up-to-date component for reporting. Individual transactions can be checked at any time in real time by displaying the original documents, line items, and monthly debits and credits at various levels such as: - Account information - Journals - Totals/transaction figures - Balance sheet/profit and loss evaluations However, SAP still offers to choose between the New GL and the old Classic GL way of accounting. There are certain limitations in the new GL and clients are adopting to the new gl concept.
You also see the nsap note 756146
Regards
Roobal

Similar Messages

Difference between classic G/L and new G/l

Hello friends...
Can anybody list out the difference between classic G/L and New general ledger?

Hi,
WE STILL HAVE dummy profit centers IN NEW G/L
1. Merge FI
a. Reduced data redundancy
b. Reduced error for period closing
c. Harmonized reporting
d. New General Ledger with reduced total cost of ownership (Faster Close etc.)
e. Profit Center Accounting is eliminated and is now part of New GL
f. Cost of Sales accounting is now part of New GL
g. Special Purpose Ledger is now part of New GL
h. Reconciliation Ledger is eliminated and is now part of New GL
i. Segment reporting
2. Merge FI, PCA & SL
a. Replacement of special ledger A/C
b. Enhanced audit ability
a. Better integrated reporting
b. Unified Financial & Management Accounting
c. Extensibility for customer dimension
3.
a. Document splitting
b. Enhanced reporting across Profit center and segments
4. Parallel accounting
a. More transparent COA reporting, Auditablity
What is parallel accounting and its features?
Any number of parallel ledgers
Online posting to multiple ledger
Standard reporting for multiple ledger
Segment is a part of company that led to expense and revenues.
Configure New G/L
Before anything you need to activate them & make the general setting for accounting.
More, configure the ledger you use in G/L accounting with basic data you setup the integration with controlling (CO) and where applicable to parallel accounts.
assign points if useful,
Thx,
Paarthu

Migration of Classic General Ledger to New General Ledger

Hi,
Can any one guide me how to do the Migration of classic general ledger to new general ledger in 5.0 version.
Thanks
D.K.Lakshmi narayana

Hi Jotsna
one asset accounting issue problem
please give me ur mail id i send u
problem is
Please find my analysis on the below issue
First they have done MIGO for the CAPWIP asset no 21700500019 on 18.03.2008 but this asset was trasnferred to Main Asset 214009000454 asset thru AIBU ON 20.03.2008 .Now the asset 21700500019 is deactivated on 25.03.2008, depn run also run for this Main asset.
Now while doing MIRO system says " can not post the 21700500019 asset number deactivated "
arjun

GRC and New General Ledger

Hi,
I have one very general question, which is not related to any specific
SAP GRC product.
Do you see any connection between the SAP GRC products (e.g. Access Enforcer, Risk Management etc) and the "New General Ledger"?
Are there any risk and compliance relevant issues in the new general ledger, which can be managed using the SAP GRC products?
Many Thanks
John

Dear Bernd,
Document Splitting:
http://help.sap.com/saphelp_glossary/en/35/88d1bbd1952050e10000009b38f982/content.htm
An automatic procedure for organizing line items in the document according to selected dimensions (such as organizing receivable lines by profit center). Moreover, you can effect a zero balance setting for selected dimensions (such as profit center or segment). The zero balance setting causes additional clearing lines to be generated on clearing accounts in the document after the document has been created.
For example, the document splitting procedure is necessary for drawing up financial statements for the selected dimensions.
Document Split Account:
http://help.sap.com/saphelp_glossary/en/35/26c626afab52b9e10000009b38f974/content.htm
A special account that must be created in financial accounting for posting payroll results to accounting. The partial totals for all documents in a posting run are posted to this account.
Document Splitting Characteristics:
http://help.sap.com/saphelp_glossary/en/10/046cfff732584989de50edd6fdc1e3/content.htm
Account assignment object for which document splitting can be performed.
This characteristic generally corresponds to a field in the data structure of the general ledger.
Examples of document splitting characteristics:
Profit center
Segment
Business area
Customer field
Other characteristics (characteristics that are relevant for application components that receive documents from General Ledger Accounting, such as Controlling).
Hope this will help.
Regards,
Naveen.

Liquidity Planner and New General Ledger

Dear all
We are in the process of implementing Liquidity Planner and would like any informaiton related to this which may be of help, particularly related to intergration with New General Ledger and providing cash flow statements for segments and profit centres.
Many thanks
PRG

Dear Bernd,
Document Splitting:
http://help.sap.com/saphelp_glossary/en/35/88d1bbd1952050e10000009b38f982/content.htm
An automatic procedure for organizing line items in the document according to selected dimensions (such as organizing receivable lines by profit center). Moreover, you can effect a zero balance setting for selected dimensions (such as profit center or segment). The zero balance setting causes additional clearing lines to be generated on clearing accounts in the document after the document has been created.
For example, the document splitting procedure is necessary for drawing up financial statements for the selected dimensions.
Document Split Account:
http://help.sap.com/saphelp_glossary/en/35/26c626afab52b9e10000009b38f974/content.htm
A special account that must be created in financial accounting for posting payroll results to accounting. The partial totals for all documents in a posting run are posted to this account.
Document Splitting Characteristics:
http://help.sap.com/saphelp_glossary/en/10/046cfff732584989de50edd6fdc1e3/content.htm
Account assignment object for which document splitting can be performed.
This characteristic generally corresponds to a field in the data structure of the general ledger.
Examples of document splitting characteristics:
Profit center
Segment
Business area
Customer field
Other characteristics (characteristics that are relevant for application components that receive documents from General Ledger Accounting, such as Controlling).
Hope this will help.
Regards,
Naveen.

Differences between clear case 23' and new 23'

I am having a hard time finding the differences between the two monitors. my clear case 23' is about 2 years old.

Hi Matt,
First off, KEEP your older ADC display. They have much more natural color
and don't suffer from the pinkness and blue banding on the new Aluminum.
I have followed the discussions since August of last year and there is no
end to the color consistency complaints. In fact, Apple has deleted over 1000 messages regarding this. Why? Hmmm. They threw out a lot of helpful
hints that could have helped their customers.
I personally bought and returned 7 Alum Cinema 23 displays. Some from Apple, some from Fry's, and others from UCLA Apple store.
The case is a beautiful design but the interior is different than the old 23.
The new ones are brighter, more saturated in color and have 2 Firewire and
2 USB ports available.
However, they got rid of the system/start up power button and added a power brick with cables waving all over the place.
I hopoed they would have solved the production problem by now but it seems
that too few people are complaining ( graphic designers/video editors ).
I gave up and just bought a one year old Plastic 23 display for $1000.
I love it. The only thing I don't like is that the whites are a little yellowish
due to its lower brightness specs ( 230 nits vs. 270 nits on the new one.
The way to see the color issues with an Alum model is to set the desktop to
a neutral gray. Or, simply drag a small image of gray (perhaps open up the little gray jpg located in Library/Desktop Pictures/Solids) across the screen.
The left side will look a little pink and it will change to a blueish tone as you move to the right.
Or better yet, open the Apple display calibrator, look at the Apple icon and
move the window to the extreme left and right.
It is only visible clearly in these circumstances but most people don't care.
Considering the price drops it might be nice to get a new one but all I
know is all the motion graphics studios I work at use the old monitors.
It also is no coincidence that this past weekend Apple sold out of refurbished
Plastic Cinema 23 in 24 hrs, while the Alum refurbs just sat.
Take a look at the specials. They always have something good.
Good luck to you. Hopefully, I won't be deleted for voicing my opinions.
I'm a diehard Mac user and really this Alum 23 monitor is the first thing I
ever complained about.
Ken

Differences between wireless keyboard old and new?

I was thinking of buying a wireless keyboard and appear to have a choice of buying the current model at reduced price (MB167B/A) or wait a couple of weeks for the newer model (MC184B/A).
This is obviously a no brainer - buy the cheaper one!
But what is the difference between the models? Apart from the newer one requires higher system requirements (MacOS X v10.5.8 and Aluminium Keyboard Software Update 2.0).
Many thanks for any help.
Cheers,
Tony

Hi Tony:
Welcome to Apple discussions.
I have an "older" Bluetooth keyboard and it works just fine.
For about 20 bucks, I would buy the older one. I cannot see any difference in functionality.
Incidentally, battery use is an issue that has been discussed in these forums at length.
FWIW, I use 2650 mAH Duracell rechargeables and a 15 minute charger. I have a bunch of rechargeable batteries and I am never longer than 15 minutes from a full charge. Rechargeables do not have the battery life of Lithium ones, but I really do not care for the reasons I indicated above.
Barry

Electronic bank statement and new General ledger

Hi all,
we want to implement electronic bank statement and new G/L is active. While uploading the file, we receive an error: No Profit Center could be found. For us it is clear, because in the uplaod file there is no Profit Center. But how can we solve this problem? Can we activate like a user exit with a " dummy PC" for EBS? if yes, where and how? Or is there any SAP solution already provided? We assume this problem is a general problem for all SAP system with new G/L activation.
Thanks in advance.
Heidi

I found the answer in Customizing new G/L. thanks anyway.
Heiidi

What's the difference between the Histogram VI and the General Histogram VI ?

Hello,
I did a google and forum search for this and came up empty. I'd like to know if there should be a difference in how the two work ?
I'm asking because I was giving the exact same X array to both and was getting two different results, unless I also specified the interval/#bins to be equal for both of them. (interval for Histogram VI and #bins for General Histogram VI)
This also means I'd like to know what the difference is between intervals and #bins ? Are they the same thing with just different names ?
This is more to get a general understanding on how the two VIs work than getting a specific solution for a problem by the way, so any help is appreciated
Thanks in advance.
Solved!
Go to Solution.

Pladio wrote:
This also means I'd like to know what the difference is between intervals and #bins ? Are they the same thing with just different names ?
For the purposes of understanding these VI's, they are the interchangeable. In the case of statistics, the interval can be thought of "the number of pieces of data you want to spread across a population". When doing this, you are placing the pieces of data into virtual "bins". Hence, they are basically the same thing.
As far as the difference in the two VI's , there's nothing I can say that can't be said by comparing the help for each VI. The advanced VI just gives you tighter control of your data.
Richard

Difference between BT Yahoo email and new BT mail

I am at the moment on BT Yahoo mail and when i get an email that looks suspicious like i did this morning from BT Billing [email protected] I use the ACTIONS tab on the purple bar and select "View Full Header" which then displays details of the email and in this case in showed Return-Path: <[email protected]> which it should of been Return-Path: <[email protected]>
My question is will the new BT mail have the same function that allows me to "View Full Header"
Mike

I never saw that option during the field trial, however you can view the headers if you use an e-mail client.
edit:- I have just looked at the trial account, and there is no option to view headers on webmail.
There are some useful help pages here, for BT Broadband customers only, on my personal website.
BT Broadband customers - help with broadband, WiFi, networking, e-mail and phones.

Reg New General Ledger

Hi Experts,
Please provide me some info about New General Ledger.
1) What are the major differences between General Ledger and New General Ledger?
2) What happen to General ledger reports (BI Content Reports) when we implement New General Ledger? Are new General Ledger reports (BI Content Reports) will replace old BI content reports? Are any changes required to existing ones?
3) Which plugin in ECC?
Thanks in advance.
Rgds,
Ram

Hi
BW Release 3.1 makes consistent data extraction in the delta method possible for line items in General Ledger Accounting (FI-GL), and selected subsidiary ledgers (Accounts Receivable FI-AR and Accounts Payable FI-AP) and tax reporting. The extraction procedure delivered with BW Release 2.0B, based on DataSources 0FI_AR_3 and 0FI_AP_3 , can be replaced. This is described in note 0410797.
1) What are the major differences between General Ledger and New General Ledger?
The new delta enabled GL Accounts for group reporting like 0fi_gl/ap/ar/tx_4 . New Asset Accounting Turn over ratios for better reporting capability.
2) What happen to General ledger reports (BI Content Reports) when we implement New General Ledger?
Are new General Ledger reports (BI Content Reports) will replace old BI content reports? Are any changes required to existing ones?
the Old reports are existing like that only. Some of them need changes
3) Which plugin in ECC?
ECC 6.0 -- http://help.sap.com/saphelp_nw70/helpdata/EN/e8/747140723d990ae10000000a155106/frameset.htm
http://help.sap.com/saphelp_bw33/helpdata/en/af/16533bbb15b762e10000000a114084/frameset.htm
Hope it helps

Diff between Calculated key figure and new formula 6extra functions why

Hi Friends
In BEx query designer we have Restricted key figure & Calculated key figure. In the case of Ristricted Key figure And new selection the difference is Global and local.
But if we come to Calculated Key figure and New Formula the difference is same global and local. But in New formula we have 6 extra function. My question is does is there any certain reason for this or SAP AG not be able to develop those functions
Thganks & Regards
Bramhanand

Hi Surendra thank you for your reply.
But i am not asking difference between calculated key figure and New formula.
What i am asking is in the case of Restricted Key figure And new selection the difference is Global and local.
But in Calculated Key figure and New Formula the difference is same global and local and in New formula we have 6 extra function. My question is does is there any certain reason for this.Why not SAP AG is not included the new formula functions in Calculated key figure.
Thanks & Regards
Bramhanand

DIfference between TERADATA TVS technology an new TERADATA FOUNDATION Layer

Experts ,
what is the difference between TERADATA TVS technology and new TERADATA FOUNDATION Layer technology.
What are the advantages and disadvantages of each
Thanks

Imagine I has a multiprovider that needed to look at process data from R3 and operational data from say a post office tracking system
The post office tracking system was on a set of non R3 boxes and historically a EDW and reporting marts where built using non SAP products on a Teradata platform
Within BW you can create a multicube on a BW cube that has the ECC data in it and have a virtual remote cube which reads teradata at run time to get the tracking data for that country etc
BW does not store the data (why would it need to - it is already stored in the Teradata EDW system) but consumes it at run time in a query
To read the data at runtime from Teradata you could either write your own function module or you could buy the TVAS module from teradata which does it for you (at a cost) and in teradata's words is optimised for Teradata SQL and handles hierarchies much better etc
Teradata foundation is a whole different matter - in the case above it would involve you moving your BW box and putting it on Teradata. You coudl benefit from the massive parallel processing within teradata that your infopackges ands DSO activations within your BW LSA layers need.
Teradata will easily handle its its normal non BW applications tens of terabytes in a very little time and it is normal to rebuild reporting marts from scratch each night rather than deltas due to the actual power of the product.
How this integration within the BW application is at this moment I dont know as I haven;t been updated since my last conf call with them.
So it's horses for courses - if a client has a huge teradata platform already and a oracle BW one it is a door opener to move BW to that
Or if its a greenfield site with huge and i mean huge data volumes that you need to model within a EDW layer then it might make sense to look at teradata or one of the other MPP database vendors.
I notice you work in consultancy in presales - so I best leave the rest of the free advice there.. but it gives you a flavour

Difference between Special GL and New GL

Dear SAP Gurus,
What is the difference between Special GL and New GL?
Thanks & Regards,
Sim

Dear Sim
If I understood logically, then your question actually refer to special purpose ledger, right ?
If so both are almost same. Both are for you to depict parallel accounting in your SAP system by storing posting data for the various accounting principles in separate ledgers.
Whereas special purpose ledger is more custome developed (data is stored in 'Z' table), whereas New GL is more standardised from SAP as well as advanced when compared to special purpose ledger.
Hope I understood correctly your question and gave some useful input.
Regards
Siva

Difference between Leading ledger and Non-Leading ledger

Dear friends,
what is the main difference between Leading ledger and Non-leading ledger in New G/L.
Thanks in advance,
Babu.

This concept is introduced in SAP Ecc6.0
Many companies have to maintain books for more than two fiscal years (For example 31st December as per companies act & 31st March as per income tax Act).
So leading ledger & non leading concept helps in maintianing same.
Leading Ledger is the ledger in which all the entries are posted originally. From Leading ledger all entries flow into non keading ledger. You need not pass entries seprately in leading or non leading ledger.
In case your leading ledger is Jan to December, January will be the 1st period & so on.
In case your non leading ledger is April to March, April will be 1st period.
Also, The leading ledger is based on the same accounting principle as that of the consolidated financial statement.
The non-leading ledgers are parallel ledgers to the leading ledger. They can be based for example on local accounting principles
Leading ledger is integrated with all subsidiary ledgers and is updated in all company codes. This means that it is automatically assigned to all company codes.
In each company code, the leading ledger receives exactly the same settings that apply to that company code currencies, FYV and posting periods. You can define a second and third parallel currency for your leading ledger for each company code.
Non-leading ledgers are parallel ledgers to the leading ledger. They can be based on a local accounting principle of a country, ex: You have to activate a non-leading ledger for the individual company codes.
Regards

Difference Between Special Purpose Ledger and New General Ledger

Similar Messages

Maybe you are looking for