{"id":4754,"date":"2022-10-19T12:01:11","date_gmt":"2022-10-19T10:01:11","guid":{"rendered":"https:\/\/www.voquz.com\/?p=4754"},"modified":"2022-10-19T12:11:31","modified_gmt":"2022-10-19T10:11:31","slug":"conversion-to-the-new-general-ledger-from-sap-in-the-context-of-s-4-hana","status":"publish","type":"post","link":"https:\/\/its.voquz.com\/en\/conversion-to-the-new-general-ledger-from-sap-in-the-context-of-s-4-hana\/","title":{"rendered":"Conversion to the new general ledger from SAP in the context of S\/4 HANA"},"content":{"rendered":"\t\t
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Conversion to the new general ledger from SAP in the context of S\/4 HANA<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In order to be able to switch to SAP S\/4HANA, the new general ledger from SAP must be introduced. Compared to the classic ledger, the New General Ledger offers various new functions and improvements.<\/p>

The following components of the classic general ledger are combined in the new general ledger: FI Classic, UKV Ledger, EC-PCA, Special Ledger, EC-PCA, Special Ledger, Consolidation Ledger. And the previous totals table GLT0 will be replaced by the new totals table FLAGLEXT.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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WHAT IS THE NEW GENERAL BOOK IN SAP?\n\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The general ledger is the central element of financial accounting. It consists of general ledger accounts, is used to record all financial transactions and forms the basis for the balance sheet. General ledgers, subledgers and profit center accounts are used to comply with legal and internal requirements. An automatic reconciliation between the main and subledgers has not yet taken place. This has to be done manually for each deal.<\/p>

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The new general ledger has been available to SAP users since the introduction of SAP ERP 6.0. It enables closer integration of internal and external accounting. The period-end closing can thus be significantly accelerated.<\/p>

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In SAP S\/4 HANA, the new general ledger is an integral part of accounting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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REPORTING WITH SEGMENTS \/ PROFIT CENTER\n\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The new general ledger has the document splitting functionality. This is intended to ensure that all documents can be divided according to segments or profit centers in such a way that complete balance sheets and profit and loss accounts can be created at this level.<\/p>

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WHAT IS THE UNIVERSAL LEDGER?\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Previously, financial accounting and controlling were separate areas. With the Universal Ledger, SAP combines these areas of internal and external accounting. Because both areas were seen as independent of each other for a long time, there were separate database tables for each area.<\/p>

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This has completely changed with the new general ledger on S\/4 HANA (Universal Ledger). All relevant data and processes are now in just one table, the ACDOCA. From there, they are made available to financial accounting, controlling, asset accounting and the material ledger.<\/p>

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The combination of financial accounting and controlling brings considerable advantages. On the one hand, there is no time-consuming reconciliation process and, on the other hand, redundant data is largely avoided because the individual items are only recorded once.<\/p>

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Two documents for the postings are still created in the new general ledger, one for FI and one for CO. In the Universal Ledger, these documents are completely combined in one table. And this merging not only affects CO documents, but also material documents, for example. This drastically reduces redundant data storage in the system.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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INCREASED RANGE OF FUNCTIONS \u2013 MULTI-CURRENCY CAPABILITY<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The range of functions has been increased. Each company code is multi-currency capable in the new general ledger. This means that the local currency is used as the company code currency, and the euro or US dollar is used as the group currency. The values \u200b\u200bare automatically converted to the group currency in real time.<\/p>

Data storage in the Universal Journal has the following advantages:<\/p>