29196130 new gl configuration step by step

8/4/2019 29196130 New GL Configuration Step by Step

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Why New GL????

The intention behind SAP New GL Configuration is to Combine the features of

GL, Profit Center Accounting, Reconciliation Ledger, Special Purpose Ledger, BusinessArea, Cost of Sale Accounting.

Benefits:

Benefits like Segment Reporting, Cost of Sale Accounting, Management Reporting,

Parallel Accounting, Balanced Books are possible with New GL.

Activating General Ledger Accounting

To make the settings and use the functions in General Ledger Accounting, you have to

activate it. To do this, in Customizing choose Financial Accounting → Financial

Accounting Global Settings → Activate New General Ledger Accounting. (or T CodeFAGL_ACTIVATION)

(This is already done in our sandbox)

Activating General Ledger Accounting has the following effects:

● The Customizing settings for General Ledger Accounting appear in the SAP

Reference IMG. You access the settings under Financial Accounting (New ) → Financial Accounting Global Settings (New) and General Ledger Accounting (New).

● The General Ledger Accounting functions appear in the SAP Easy Access menu

under Accounting → Financial Accounting → General Ledger . (Now it is hided inSandbox)

● The tables for new General Ledger Accounting are activated and updated.

FAGLFLEXT - Totals Data Table

FAGLFFLEXP - Plan Line data Table

FAGLFEXA - Actual Line data table

FAGL_SPLINFO_FAGL_SPLINFO_VAL - Splitting data table

http://locate.click%28%29/



In the standard system, the tables from classic General Ledger Accounting (GLT0)are updated as well as the tables in new General Ledger Accounting during the

activation. This enables you to perform a ledger comparison during the implementationof new General Ledger Accounting to ensure that your new General Ledger Accounting

has the correct settings and is working correctly. To compare ledgers, in Customizing

choose Financial Accounting Global Settings (New ) →Tools → Compare Ledgers.

Deactivating the updatation of tables for classic General Ledger Accounting Financial

Accounting Global Settings (New) →Tools →Deactivate Update of Classic GeneralLedger.

The basic CONFIGURATION steps in New GL

1. Define Ledger for General Ledger AccountingF/A (New) > FAGS/ (New) > Ledgers >Ledger > Define Ledgers for General Ledger

Accounting

Click on New



Click on

Important Notes:

We can use several ledgers in parallel

This allows you to produce financial statements according to different accountingprinciples, for example.

You must designate one ledger as the leading ledger. Leading Ledger: The leading ledger is based on the same accounting principle as

that of the consolidated financial statements. If you use the account approach

for parallel accounting, you post all data to the leading ledger.

This leading ledger is integrated with all subsidiary ledgers and is updated in all

company codes. This means that it is automatically assigned to all companycodes.

In each company code, the leading ledger receives exactly the same settings

that apply to that company code: the currencies, the fiscal year variant, and thevariant of the posting periods. You can define a second and third parallel

currency for your leading ledger for each company code. In Customizing forFinancial Accounting (New), choose Financial Accounting Global Settings

(New) → Ledgers → Ledgers →Define Currencies of Leading Ledger .

2. Define Currencies for Leading Ledger:

Financial Accounting (New)>FAGS (New)>Ledgers>Ledger>Define currencies of theleading ledger

Click on



It Gives 01st Local Currency Automatically

Give Com

Name and

Press Enter



Enter the Second Currency and Save

3. Assigning Scenarios to LedgerFinancial Accounting (New)>FAGS (New)>Ledgers>Ledger>Assign scenarios &

Customer fields to ledger

Scenario defines which fields are updated in the General Ledger during postingsfrom other applications

SAP delivers several pre defined scenarios. We cannot define our own scenario

Multiple scenarios can be assigned to the leading ledger simultaneously.



Select the ledger to which you want to add scenarios

Click on



New Entries

Add scenario you wanted

And then Save

4. Defining SegmentEnterprise Structure>Definition>Financial Accounting >Define segment



5. Activate Document Splitting:

FA(N)>GLA(N)Business Transactions> Doc.Splitting >Activate Doc Splitting

Document splitting is used to split document line items along a particular

dimension to ensure balanced financial statements for that dimensions. Possible



dimensions are Segment, Profit Centre, Business Area.



6. Classify G/L Accts for Document Splitting:

Financial Accounting (New)>General Ledger Accounting (New)>BusinessTransactions>Document splitting> Classify G/L Accts for Document Splitting



Give your chart of accounts

Click on

Click on



7. Classify Document Types For Document Splitting:

Financial Accounting (New)>General Ledger Accounting (New)>BusinessTransactions>Document Splitting> Classify Documents Types for Document Splitting

Define Zero Balancing Clearing Account:Financial Accounting (New)>General Ledger Accounting (New)>Business

Transactions>Document splitting>Define Zero Balance Clearing Account



Select row item

Click on left tab “Accounts”

Give your chart of accounts

Click on

Give GL Account for Zero Balance Account.

Click on Save

8. DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR GENERAL LEDGER ACCOUNTING:

Financial Accounting (New)>General Ledger Accounting (New)>Business

Transactions>Document splitting>Define Doc Splitting Characteristic for General Ledger

Accounting



In the above path you specify for which characteristics you want to perform document

splitting in General Ledger Accounting. You can define the following:

• Whether you want to apply a zero balance setting for the characteristic

• Whether you want to use a partner field to document a sender/receiver

relationship in the clearing lines generated additionally in the document

• Whether you want the characteristic to be a required entry field (whereby thesystem only accepts postings when this field can be filled with a value from the

document splitting).



Available options are like above. We maintain Standard Settings.

If you have not yet entered any characteristics, the system proposes appropriate fieldsthat are updated in your ledgers.

9. DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR CONTROLLING.Financial Accounting (New)>General Ledger Accounting (New)>Business

Transactions>Document splitting>Define Doc Splitting Characteristic for Controlling



10. Financial Accounting (New)>FAGS (New) Docs >Define Doc types for General

Ledger View.



Click on



And define number Ranges

11. Activating Non Leading Ledger



Select your non leading ledger

Click on New Entries

END USER TRANSACTIONS

FB60 - Enter Vendor Invoice



Click on

Click on to see Non leading ledger posting



FB 60 – Withholding tax vendor

Display the document



FB50 – Easy posting for Invoice(This is for Zero Balancing)



Reports - Define Characteristic that can be selected dynamically

Click on

FAGLB03- is for Display balances Characteristicwise