SAP New GL Activation and Migration From Classic GL During a new installation, the New G/L accounting in the standard system is set to active. While the use of classic General Ledger is theoretically also possible for new customers. As SAP advises, we should do SAP New GL activation in Read more…
What is SAP New GL Migration? SAP New GL Migration is the migration of data from the classic General Ledger Accounting to New General Ledger Accounting in SAP FICO. It helps to integrate Managerial Accounting and Financial Accounting while reducing the cost of the project. When do we need to Read more…
SAP New GL Migration Scenarios (General Ledger Accounting) is used to define the ledger to be updated during posting. Though we cannot define our scenarios, we can use customer-specific fields. These New GL Migration scenarios are an important part of the SAP S4 HANA Finance implementation. Defining and Assigning SAP Read more…
What are Ledgers in SAP S4 HANA? Ledgers in SAP S4 HANA store different types of accounting documents. With this, the primary responsibility of General Ledger accounting is to provide a comprehensive picture of external accounting and accounts by reconciling all business transactions in the SAP Software system. Since this Read more…
What is Document Splitting in SAP? Document Splitting in SAP is the new functionality introduced in SAP ECC 6.0 New GL to create segment financial statements. However, now it is mandatory in SAP S/4HANA technology. It is used to allocate one expense line item into two segments in New General Read more…