- SAP FICO Tutorial
Jun 15, 2012 The New General Ledger has the following advantages over the classic General Ledger in R/3 Enterprise: a) In the new General Ledger, you can display the parallel accounting using parallel accounts (as in R/3) or using parallel ledgers. The FI standard functions and reports are available for all parallel ledgers. May 22, 2009 This course will focus on how SAP General Ledger Accounting module manages general ledger transactions and activities. The starting point of the course will introduce the concept of General Ledger Master Records creation and will give explanations with regards as to how they will relate to transactional processes. User manual for general ledger sap implementation Here you can get all the major T codes required by Professional FI Consultants for Configuring SAP in Companies. General Ledger (GL) configuration is the Heart of SAP FI. Contents at a Glance 1 General SAP Configuration for Financial Accounting. 17 2 Organizational Structure: Definition and Assignment. General Ledger Videos and Books Online Sharing: 722 MB: 5 GB: HRMS Videos and Books Online Sharing: 75 MB: 3 GB: Informatica Videos and Books Online Sharing: 536 MB. SAP Videos and Books Online Sharing: 714 MB: 15 GB: SAS Videos and Books Online Sharing: 420 MB: 8 GB: Oracle SQL Videos and Books Online Sharing: 475 MB.
- SAP FICO Useful Resources
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The General Ledger is used to record all the business transactions in a software system.
SAP FI – Chart of Accounts
The FI chart of accounts represents the list of GL accounts that are used to meet the daily needs and the operating country’s legal requirement in a company. The master chart of accounts must be assigned to each company code.
Chart of accounts (COA) can be divided into the following types −
- Operating Chart of Accounts − It contains all the General Ledger accounts that are used to meet the daily needs in a company. The operating chart of accounts has to be assigned to a company code.
- Country Chart of Accounts − It contains a list of all General Ledger accounts that are required to meet the operating country’s legal requirements. You can also assign a company chart of account to the company code.
- Chart of Accounts Group − This COA group contains a list of all the G/L accounts that are used by the entire company.
How to create a new Chart of Accounts?
You can create a new Chart of Accounts by using the T-code OB 13 or by going to Finance Accounting → G/L accounts.
Type the T-code OB13 in SAP Easy Access and it will take you to the following screen −
This window can also be opened by following the path −
T-code SPRO → SAP Reference IMG → Financial Accounting → General Ledger Accounting → G/L accounts → master data → Preparations → Edit Chart of Account Lists → Execute → New Entries to create a new charts of account.
You can choose Controlling Integration as manual creation of cost elements or automatic creation of cost elements. (Recommended to use manual creation).
Group Chart of Accounts is used for report consolidation. Uncheck the Blocked checkbox under the status tab and click the Save option.
How to activate new general ledger accounting in SAP
In this SAP Fico tutorials, you will learn how to activate new general ledger accounting (G/L) in SAP step by step.
Note: You can activate new general ledger accounting for new SAP version. After activation of new general ledger accounting in SAP, you will get an error message as
Configuration steps
Transaction code : FAGL_ACTIVATION
Menu Path: SPRO > IMG > Financial Accounting > Financial Accounting Global Settings > Activate new General Ledger Accounting.
Step 1: Enter the transaction code “SPRO” in the SAP command field and press enter.
Step 2: Choose the SAP Reference IMG
Step 3: From customizing Implementation Guide screen, follow the navigation menu path: Financial Accounting > Financial Accounting Global Settings and choose the activity by clicking on Activate new General Ledger Accounting.
Sap New General Ledger
Step 4: On change view “Activation of new general ledger accounting” details screen, check the option “New general ledger accounting is active”.
Click on save icon and save the configured details.
After activating the new general ledger accounting in SAP, a new node Financial Accounting (New) and sub modes are added in IMG structure.
Successfully we have activated new general ledger accounting in SAP.