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  1. Simplify Segment Reporting with the New General Ledger

    Find out how the new General Ledger (G/L) in mySAP ERP differs from the classic G/L. With its new segment functionality, you do not need to create a Special Purpose Ledger to meet different compliance standards. Key Concept One of the requirements of International Financial Reporting Standards (IFRS) is to report financial information by line…...…

  2. How to Use the Extension Ledger Functionality in SAP S/4HANA Finance

    Learn how to configure and implement the new Extension Ledger functionality in SAP S/4HANA Finance. Find out how to deactivate a ledger in a company code. Key Concept The Extension Ledger, which is only available in SAP S/4HANA Finance, helps you to save space in the database. You can use it to avoid duplication of…...…

  3. Streamline Your Parallel Accounting with the New G/L Ledger Solution

    See how to set up parallel accounting with the ledger solution in the new G/L with three procedures: ledger definition, currency valuation, and asset accounting. Key Concept Many international companies are subject to several sets of laws requiring them to issue multiple consolidated financial statements according to various accounting standards. In Europe, all publicly traded…...…

  4. Maintain Data Integrity by Implementing Profit Center Planning in the New General Ledger

    Find out how to implement profit center planning in the new General Ledger and how to transfer planning data from Cost Center Accounting and Profitability Analysis to profit centers. Key Concept For SAP ERP 5.0 and 6.0, SAP integrated Profit Center Accounting into the new General Ledger (new G/L), so the profit center planning functionality…...…

  5. Get Your SAP General Ledger Terminology Right

    With the onset of SAP General Ledger, it is important to become familiar with a number of terms, vocabulary, and buzz words. Key Concept SAP introduced a new module commonly known as the new General Ledger with SAP ERP Central Component (ECC) 5.0 and further enhanced it in SAP ECC 6.0. It is now known…...…

  6. Lean Implementation of the Material Ledger with Multiple Valuations in a Production Environment

    Learn how to design the standard SAP system to implement the Material Ledger with multiple valuations in the production environment using the Special Purpose Ledger. The main reason to use the Special Purpose Ledger is to avoid changes required in existing currency settings and impacts on other applications that are already in use. The Special…...…

  7. Best Practices Migrating to the New General Ledger A Three Phase Approach

    Use this three-phased approach to upgrade to the new G/L in mySAP ERP.MySAP ERP 2005 includes a migration tool to assist in the upgrade project. Key Concept By selecting the option to upgrade to SAP’s new General Ledger structure, you must understand this is a full-blown consulting project, and should be treated as such. mySAP…...…

  8. SAP S/4HANA Adoption: Subsequent Implementation of the Parallel Ledger

    Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. Key Concept SAP introduced the parallel ledger concept with the SAP ERP Central Component (ECC) system in 2005, and since then, it is gaining popularity due to its…...…

  9. SAP S/4HANA Adoption Tips

    Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. This content is for Basic Access, SAPinsider Monthly Subscription, SAPinsider Annual Subscription, and SAPinsider Premium Annual Subscription members only.Log In Join Now

  10. Key Steps to Follow During a Migration to SAP Simple Finance 1503

    Learn the necessary configuration, migration steps, post-migration steps, tips, and tricks during an SAP Simple Finance migration. Key Concept SAP S/4 HANA Finance, On-Premise Edition has product versions SAP Simple Finance 1503 and SAP S/4HANA Finance 1605, the latter being the successor of the former. If you want to implement and use SAP Accounting powered…...…