SAP ERP Financials and FICO Handbook

Chapter 8
N EW G/L
To satisfy a broader range of internal and external requirements, the mySAP
ERP application combines all general ledger functionality under one roof.
mySAP ERP also streamlines various functions of earlier versions, which
makes reporting easier and meets all internal and external reporting requirements.
Now New G/L provides a unified structure for cost of sales accounting, profit
center accounting (PCA), and segment reporting. The New G/L ledger has the
following advantages:
n Accelerates period-end processing
n Makes reporting easier by providing real-time reconciliation
between FI and CO
n Lets an entity report in multiple ways by providing multiple
ledgers within G/L accounting
n Has an extended data structure so the customer can add new
fields to standard tables
Refer to OSS: 756146 for a more complete list of advantages.
mySAP combines the following features of older versions into the New G/L
concept:
n General ledger (G/L)
n PCA
n Reconciliation ledger
n Special-purpose ledger (SPL)
n Business area
n Cost of sales accounting
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