Migration from 4.7 to ECC 6.0 - Deactivate Update of Classic General Ledger

My client has migrated from 4.7 to ECC 6 version. In the ealier version we had a report developed in FI Module, which was created as a local object. 
Now when we are trying to activate the same development in ECC 6.0 and I am trying to use the dynamic selections option of this report, system is throwing an error and taking to this customisation node :
Fin Accounting Global Settings (New)->Tools ->Deactivate Update of Classic General Ledger (GLT0).
Can I know the implications of this option ? Can I deselect the check boxes mentioned in this node ? What could be the consequences ?
Please guide me.
Thanks
Ravi

Hi
GLTO is the table that used to get updated with the totals prior to ECC 6.0 (in 4.7).
After migrating into ECC 6.0 the GLTO is no more valid and the new table FAGLFLEXT replaces GLTO.
SAP also recommends to deactivate the update of GLTO via Fin Accounting Global Settings (New)->Tools ->Deactivate Update of Classic General Ledger (GLT0) once you have establised that the new GL is working correctly.
I dont foresee any consequences of deactiavting GLTO if the new GL has been activated in your new client and you are sure that the NEW GL is working correctly.
Good Luck
Hari
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