SAP General Ledger Accounting Intro

The central task of G/L accounting is to provide a comprehensive picture of external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate.


• Satisfy a wide range of reporting requirements and accounting standards (local and international)
• Possess improved functionality in a single interface handling both financial and management accounting
• Use a robust and scalable application

SAP came out with New G/L as part of SAP ERP in order to address the shortcomings of the traditional accounting systems and provide the required flexibility in accounting and reporting. Since then, G/L functionalities in FI have been improved with every major application release and minor updates, in the form of enhancement packages, including EHP 8 for SAP ERP 6.0.

Beyond fulfilling the legal requirements, General Ledger Accounting also fulfills other requirements for modern accounting:

• Parallel Accounting

General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles.

• Integration of Legal and Management Reporting

In General Ledger Accounting, you can perform internal management reporting in parallel with legal reporting. For this purpose, the Profit Center Accounting functions are integrated with General Ledger Accounting. Furthermore, you can generate financial statements for any dimension (such as profit center).

• Segment Reporting

General Ledger Accounting supports the segment reports required by the accounting principles IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles). For this purpose, General Ledger Accounting contains the Segment dimension.

• Cost of Sales Accounting

You can perform cost of sales accounting in General Ledger Accounting. For this purpose, General Ledger Accounting contains the Functional Area dimension.

New Gl Architecture

New G/L is built to overcome the shortcomings of the classic G/L but will continue the traditional interaction with other software in the SAP system:


Note that tables like BSEG (document), BSIS (open items), and BSAS (cleared items) will continue to be part of New G/L. However, New G/L handles the totals, stores ledger-specific line items, and provides year-end closing valuations in parallel ledgers, using the tables described in the following subsections.

Diego Fornazier Gozer

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Reference:

Veeriah, N. (2015). Configuring financial accounting in SAP. Bonn [u.a.]: Galileo Press.
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Siebert, Eric Bauer Jörg. “The SAP General Ledger.” SAP PRESS, Rheinwerk Publishing, Inc., 1 Jan. 1970, www.sap-press.com/the-sap-general-ledger_2394/.

SAP Help Portal
Help.sap.com. (2017). SAP Help Portal. [online] Available at: https://help.sap.com/viewer/c5a8d544836649a1af6eaef358d08e3f/6.18.08/en-US [Accessed 4 Nov. 2017].