This will guide you step by step how to create new gl configuration in sap thanks vasu. This blog is created with the purpose of helping sap financial consultants. The new general ledger in mysap erp 2004 has the following advantages over the classic general ledger in r3 enterprise. Sap business analysis to improve financial activities. Sap note 49127 cost center account assignmnts in asset accounting. If an indian company is registered in us stock exchange, it has to submit reports to stock exchange according to the financial year there in us i. In the new gl scenario, this is clubbed in fi general ledger itself. The general ledger accounting functions appear in the sap easy access menu under accounting financial accounting general ledger. Finanical accounting new general ledger accounting new periodic processing valuate. Sap fico video training new general ledger, segment. Here you will find basic tutorials for configuration sap fico. If you are going to attend sap certification examination, this document may help you to understand the concept of sap fi new. The tutorial explains how to create a new ledger account in sap. The fifinancial accounting module is geared for external reporting.
Nov 30, 2018 this video explains new gl concept in sap fico. Sap ag general ledger accounting fi gl april 2001 3 icons icon meaning caution example note recommendation syntax. You will learn complete subscribe my channel for more videos on sap fico and sap hana finance. Sap fico is the finance and cost controlling module in sap erp where fi stands for financial accounting and co stands for controlling. Document splitting configuration standard customizing settings in the implementation guide, choose financial accounting newgeneral ledger accounting new business transactionsdocument splitting. Sap new gl as a way station we believe that sap new gl can be seen as an important way station on the journey to sap s4hana only, however, if the upgrade is accompanied by a business transformation or focused efforts at process reengineering see sidebar. Sap note 830602 periodic apc posting cost element category 90. Document splitting allows users to split accounting line items according to specific characteristics. Starting with constructing concepts, the author provides. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm. You will learn about the extended totals table dataset, document splitting, realtime integration of co with fi, and parallel ledgers. The data entry view shows a document as it is normally displayed or entered in accounts receivable or accounts payable accounting or in asset accounting.
Dec 26, 20 for complete recorded training videos, please visit sap courses sap fico courseonline tesco uk is the registered. For indian companies financial year is april to march. Sap fi helps to analyze the financial conditions of a company in the market. Some configuration steps will be document splitting method, business transaction. New gl configuration step by step free download as word doc. Mo st of the data in ap module is obtained from the materials management mm modul e.
You can use this document for learning and implementing projects. Welcome to the tutorial about sap cash journal configuration. The fi financial accounting module is geared for external reporting. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. Data is updated from ar and ap in real time to the fi gl module. Spro img financial accounting general ledger accounting gl accounts master data preparations gl account creation and processing edit gl account transaction code.
You will learn complete subscribe my channel for more videos on sap fico and sap. This means that the general ledgers of these company codes have identical gl structure. Sap fico 1 sap fi stands for financial accounting and it is one of important modules of sap erp. In the configuration each gl account is assigned to item category. Typically in sap you can depict parallel accounting. The country where company code is located and the balance sheet and income statement which. Customize your system to optimize more about the book. If new gl in sap is activated, a financial accounting document always has two views. The new general ledger in mysap erp 2004 has the following advantages over the. Sap fico general ledger accounting configuration steps. The entire sap fico configuration pack comes in 11 voluminous power packed cds f u l l o f m e a t y c o n t e n t and each sub module.
The general ledger accounting is the complete record of all business transactions. Jul 28, 2019 scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. For user entry ledger view only single entry required, sap will create separate line item based on the predefined criteria general ledger view here the example is based on splitting of vendor amount based on profit center. In this active alternative reconciliation accounts will be assigned in relation to the customer master reconciliation account. Sap fico general ledger accounting configuration steps general ledger accounting configuration steps general ledger accounting. This involves knowledge of configuration to maintain these settings. Understand how a required business process runs on sap.
Sap financial accounting configuration steps sap training. The fi standard functions and reports are available for all parallel ledgers. Sap fico module comprises sap fi configuration, sap co configuration, sap fi user and sap co user. Sap fico videos 65 hours sap fico course curriculum. With the fields updated in the scenarios in sap new gl, we can. New gl in sap fico new general configuration in sap fico. Sap fico module is very robust and covers almost all business process encountered in various industries.
Spro sap reference img financial accounting new general ledger accounting new business transaction document splitting define zero balance clearing account in this step we have to define the zero balance clearing account which will be used to generate and balance out financial entry when it is not possible to balance out at its own, as we have seen this example earlier. Now it is hided in sandbox the tables for new general ledger accounting are activated and updated. Apply to sap consultant, sap fico, accounting consultant and more. Similarly most of the data in ar module is obtai ned from the sales and distribution module.
In sap erp the document splitting is the most powerful tool is widely and most. Sap cash journal configuration tutorial free sap fi training. If you want the profit center, business area or segments to appear in line items which you have not entered while posting, then document splitting in sap will populate line items with the selected characteristics even when such line items are not populated manually. Enter the general ledger account that all tax codes of this tax type shall post to. Parallel accounting in new general ledger the new gl functions include parallel accounting, its an sap feature where you can maintain different sets of books to satisfy all different requirements of financial statement users accurately, efficiently and effectively. This document help you to understand sap fi new gl configuration in systematic manner and you need not to waste your time in spro for new gl configuration. In this way, you will start to understand much faster what you will see in the advanced books. This course provides you with knowledge around the concepts of new general ledger accounting. When special general ledger transactions are used system will be posting to an alternative reconciliation account instead of normal reconciliation account, which is assigned in the customer master. Introduction we have pleasure in giving this free ebook to the new aspiring sap fico consultants. Oct 05, 2012 sap new gl configuration page 11 of 282. Configuration and design bonn boston 393 db 3 6611 4. From my point of view, it is better to make a full sap fico configuration from a to z and then to dive into the details. The sap financial accounting enterprise structure is organisational structure that represent an enterprise structure in sap and enterprise structure is the key building block to the entire organisation.
A chart of accounts can be used by multiple company codes. This document explains about new gl concept and configuration in step by step manner with screenshots. This chart of accounts is assigned to the company code. Sap fico general ledger accounting configuration steps sap. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. Parallel accounting in new general ledger sap simple docs. May 23, 2014 document splitting in sap is a new feature. In the new general ledger, you can display the parallel accounting using parallel accounts as in r3 or using parallel ledgers.
Document splitting in new general ledger sap blogs. All necessary sap tax configuration settings have now been completed. In this tutorial you are going to learn how to perform sap cash journal configuration. Standard reports are already available and readily available to use. It is one of the very important and widely implemented modules in sap. Anyone seeing ahead to starting their profession as an sap fico consultant requires building a solid foundation including whole those features of sap fi and co module in sap training. Now new gl do this activity automatically once configuration is done. Define field status variants use in this activity you create a field status variant with the corresponding field status gr. Be able to work as both sap enduser and consultant. Scenarios in sap new gl general ledger accounting skillstek. Jan 20, 2012 download new general ledger configuration guide in sap ecc 6. Check assignment of accounting princples to ledger group required if you have more than one ledger.
Spro sap reference img financial accounting new general ledger accounting new business transaction document splitting edit constants for non assigned processes in this step the constants are defined which helps to assigned the default account assignment when is not able to derive from any of the sources. Sap finance and controlling fico is the most broadly adopted sap modules. Ac210 new general ledger accounting in sap erp sap. Anyone seeing ahead to starting their profession as an sap fico consultant requires building a solid foundation including whole those features of sap fi and co module in. The country where company code is located and the balance sheet and income statement which will be prepared according to that country law. These cash transactions can be cash payments, cash receipts or check receipts. Being offered in mysap erp, document splitting is one of the most powerful feature in new general ledger. Please note that though we cannot define own scenarios, we can use customerspecific fields.
The intention behind sap new gl configuration is to combine the features of gl, profit center accounting, reconciliation ledger, special purpose ledger, business area, cost of sale accounting. Fico new general ledger configuration in sap ecc 6. New gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. Sap fi asset configuration it training and application. Sap tax configuration tutorial free sap fi training. Jumpstart your configuration of vendors, deliveries, invoices, and payments with sap fi accounts payable fi ap in this ebite. Enter transaction fs00 into the sap command prompt, click execute. Let us first understand the fico module before we actually start configuration.
Sap note 964686 transfer of statistical postings in co to fi. Activate the new general ledger accounting by a single click on the clock icon2. It is used to store the financial data of an organization. The new general ledger in sap erp has the following advantages over the. The entire sap fico configuration pack comes in 11 voluminous power packed cds f u l l o f m e a t y c o n t e n t and each sub module in sap fico is broken into configuration, end user and power point. New gl configuration step by step financial accounting. Learn sap fico general ledger accounting configuration step by step in a easy method with screen shots,the steps of general ledger accounting. Folder screenshots sap fico package details name of the item qty 01.
Sap fico interview questions and answers pdf updated. Accounting global settings new and general ledger accounting new. Sap new gl configuration document e book krisna 11. Migration from classic gl to new gl advantages are 1. Posts about sapnew general ledger written by jayanth maydipalle. The new general ledger has the following advantages over the classic general ledger in r3 enterprise which is available upto 4. Mar 23, 2009 today, in the current r3, meeting the requirements of drawing out financial statements based on other accounting principles like ifrs, us gaap etc. Sap note 996852 down payment on auc and document splitting. These are used to define, which ledger is to be updated during posting.
The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. Let us understand this concept of new gl and its use. This way users can create financial statements for entities such as segments and meet the legal requirements. Sap cash journal is used to capture cash transactions of a company. In our example, when a user picks any input tax code when posting a document, the system will automatically post to gl account 15. Fico configuration sap bpc and fico consultant blog. Set up fi ap to manage vendors by maintaining payment terms, defining cash discount bases, and releasing invoices. You can find all the configuration details, sap materials, notes, interview questions, new jobs postings and consulting advice. Introduction this material is applicable for sap ecc 6 version.
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