What Is New General Ledger Accounting
General Ledger Accounting (FI-GL) (New)
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.
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.
Features
General Ledger Accounting comprises the following functions for entering and evaluating posting data:
- Choice between group level or company level
- Automatic and simultaneous posting of all subledger items in the appropriate general ledger accounts (reconciliation accounts)
- Simultaneous updating of the parallel general ledgers and of the cost accounting areas
- Real-time evaluation of and reporting on current posting data, in the form of account displays, financial statements with different balance sheet versions, and additional analyses.
In this way, General Ledger Accounting automatically serves as a complete record of all business transactions. It is the central and up-to-date component for reporting. Individual transactions can be checked at any time in real time by displaying the original documents, line items, and monthly debits and credits at various levels such as:
- Account information
- Journals
- Totals/transaction figures
- Balance sheet/profit and loss evaluations
However, SAP still offers to choose between the New GL and the old Classic GL way of accounting.
There are certain limitations in the new GL and clients are adopting to the new gl concept.
SAP Experts, a place where experts gather to share their knowledge. - Azgar Khan
Friday, September 17, 2010
Important Transaction Codes - SAP FICO
1. CHART OF ACCOUNTS
0BY7 = Copy chart of accounts.
2.FISCAL YEAR VARIANTS
OB29=define fiscal year variants
OBB0=define posting periods variants
3.COMPANY CODE CONFIGURATION
OX02=company code creation
OBY6=define company code global parameters
EC01=copy company code
OY01=define countries
OB22=define parallel currencies
4.BUSSINESS AREAS
OX03=define business areas
GGB0=define validations
OB28=activate FI validations
5.FUNCTIONAL AREAS.
OKBD=define functional areas.
GGB1=define substitution
GS01=create sets
OBBZ=create functional area substitution
6.SALES AND USE TAX.
OBBG=assign country to tax calculation procedure
OBCO=specify structure for the jurisdriction code
OBCP=define tax jurisdiction codes
FTXP=define codes on tax and purchases
OBCL=define tax code for non-taxable transactions
GENERAL LEDGER
1. CHART OF ACCOUNTS.
OBD4=define account groups.
FSP3=chart of account display
OB53=define retained earnings account
OB15=define sample account rule types
FSK2=define data transfer rules
OB67=allocate company codes to rule types
FSM1=create sample accounts
FS01=create G/L accounts master records
2. COPYING AND TRANSPORTING G/L ACCOUNTS.
OB49=transport chart of accounts
OBY2=copy company codes
OBC4=define field status groups
3.POSITION KEY CONFIGURATION.
OB41=define position key configuration.
4. AUTOMATIC ACCOUNT DETERMINATION.
FBKP=configure auto act determination
OBY0=define tax accounts auto act assignement
OBYA=define cross company code
5.FINANCIAL STATEMENT VERSION.
OB58=define financial statement version
6.G/L DISPLAY CONFIGURATION.
O7Z3=define line layouts
OBVU=add special fields
O7S7=define sort variants
O7R1=define total variants
7.TOLERENCE GROUPS.
OBAY=define tolerance groups
OB57=allocate isers to tolerance groups
8.NUMBER RANGES AND DOCUMENT TYPES
FBN1=define FI number ranges
OBA7=define FI document types
OBU1=define document types and posting keys
O7E6=define fast entry screen
ACCOUNTS PAYABLE A/P
1. HOUSE BANKS AND ACCOUNTS
FI12=define house banks
FCH1=define check lots
FCHV=define void reason codes
2. PAYMENT PROGRAM CONFIGURATION
FBZP=payment program configuration
3. VENDOR MASTER DATA
OBD=3define vendor groups
XKN1=create number ranges for vendor account groups
OBAJ=assign number ranges to vendor groups
FK15=copy vendor master records
FK16=important vendor master records
ACCOUNTS RESIVEABLR A/R
1. TERMS OF PAYMENTS AND INTEREST CALCULATION
OBB8=define terms of payments
OB46=define interest calculation types
OB82=make the interest indicator avail to interest run program
OBAC=define reference interest rates
OB81=assign reference interest rates to interest indicators
OBV1=interest calculations account assignment
2. REASON CODES.
OBBE=define reason codes
OBCR=define reason codes conversion version
OBCS=map external reason codes to internal reason codes
3. DEFAULT ACCOUNT ASSIGNMENT
OBXL=assign G/L account to reason codes
OBX1=cash discount accounts
4. OVERALL A/R AND EMPLOYEE TOLERENCES
OBA3=define customer tolerance groups
5. CREDIT MANAGEMENT
OB45=define credit control areas
OB01=define credit risk categories
OB02=define credit representative groups
OB51=assign employee credit representitive groups
OB39=define days in arrears calculation
6. CUSTOMER MASTER RECORDS.
OBD2=define customer groups
ACCOUNTS RESIVEABLR A/R
1. TERMS OF PAYMENTS AND INTEREST CALCULATION
OBB8=define terms of payments
OB46=define interest calculation types
OB82=make the interest indicator avail to interest run program
OBAC=define reference interest rates
OB81=assign reference interest rates to interest indicators
OBV1=interest calculations account assignment
2. REASON CODES.
OBBE=define reason codes
OBCR=define reason codes conversion version
OBCS=map external reason codes to internal reason codes
3. DEFAULT ACCOUNT ASSIGNMENT
OBXL=assign G/L account to reason codes
OBX1=cash discount accounts
4. OVERALL A/R AND EMPLOYEE TOLERENCES
OBA3=define customer tolerance groups
5. CREDIT MANAGEMENT
OB45=define credit control areas
OB01=define credit risk categories
OB02=define credit representative groups
OB51=assign employee credit representitive groups
OB39=define days in arrears calculation
6. CUSTOMER MASTER RECORDS.
OBD2=define customer groups
CONTROLLING ENTERPRISE STRUCTURE
1. CONTROLLING AREAS
OX06=controlling area maintenance
OKKP=activate relative CO components within
Controlling area
KANK=maintain number ranges
2. OPERATING CONCERNS
KEP8=maintain operating concerns
OKEQ=version configuration screen
COST ELEMENT ACCOUNTIN
1. AUTOMATIC COST ELEMENT CREATION
OKB2= automatic cost element creation
OKB3= creation of the cost elements
Creation batch run session
SM35= execution of the cost element creation
batch input session
2. MANUAL COST ELEMENT CREATION
KA06= seacondry cost element creation
KA01= primary cost element creation
3. IMPUTED COSTS
KSAZ= manual overhead costing sheet
Creation for imputed cost calculation
4. RECONCILATION LEDGER
KALA= activate the reconciliation ledger
OKKP= assignment of the reconciliation
Table to the controlling area
OBYB= maintain the CO-FI automatic account
Assignment configuration
OK13= assignment to the reconciliation ledger
Document number range
COST CENTER ACCOUNTING
1. C.C.ACCOUNTING STANDARD HIERACHRY
KSH2= C.C.A standard hierachry maint creation.
2. CO AREAS P.C.A MAINT.
OKES= maint the PCA CO area settings
OK59= creating the dummy profit center
3. COST CENTER BASICS
OKA2= cost center category maint
OKEG= maint of the time based fields
KS01=creating/main the cost center M. records
4. ACTIVITY TYPES STATSTICAL KEY FIGURE
KK01=creation / maint of statistical key figs
KVA5= activity independent key figs
KV06= creation of an allocation cost elements
OKEI= time based field maint for activity types
OKL01= creation maint of activity types
5. ASSESMENT –DISTRIBUTION AND REPORTING
KCAV= maint of the allocation character for the sender /receiver
KA06= creation/maint of the assessment cost element
KSWI= creation of the cost center reporting
KSV1= creation of the cost center distribution
KSU1= creation of the cost center assessment
6. COST CENTER ACCOUNTING PLANNING
KP97= copy planning for cost center accounting
KPU1=creation of the plan revaluation
KP65= creation of the cost planning layout
KP34=planning profile creation
OKB9=maint of the CO automatic account
INTERNAL ORDER ACCOUNTING
1. ORDER SETTELEMENT CONFIGURATION
KA01= primary cost element
KA06= secondary cost elements
OK06= settlement structure
OKEV= origin source structure
OK07= settlement profile
SNUM= maintain number range assignment
2. ORDER PLANNING AND BUDGITING
OKEQ= maintain CO versions
OKOS= define planning profile for overall value planning
OKOB= define budget profile
OK14= maintain budget manager
OPTK= define exempt cost element for availability control
KANK= maint number range assignment
OK11= maint number range for planning/ budgeting objects
3. INTERNAL ORDER STATUS MANAGEMENT
KOT2= define order status management
KOV2= define transaction groups
OK02= define status profile
BS52= define authorization keys
4. ORDER TYPE DEVELOPMENT
KOT2= define order types
PROFITABILITY ANALYSIS
1. OPERATION CONCERN DEVELOPMENTS
KEAO= maintain operation concerns
2. CHARACHTERISTIC DERICATION
KE4K= maint derivation
KE04= create derivation structure
KE05= change derivation structure
KE06= display derivation structure
KES1=maintain CO-PA master data
KE07= create derivation rules
KE08= change derivation rules
3. ASSIGNING VALUES TO VALUE FIELDS
KE41=assign condition types to value fields
KE4M= assign SD quantity fields to value fields
KE4W= reset value fields
KEI1= define PA settlement structure
KEU1= create CO-PA cost center assessment
KEV2= change CO-PA cost center assessment
4. CO-PA PLANNING
OKEQ= maintain plan versions
KEF1= define planning revaluation
KE14= create planning layouts
KE15= change planning layouts
KE16= display planning layouts
KP34= define planning profiles
KE4D= define external data transfer structure
KE4Z= define assignment groups
KE4E= define field assignment
KEN2= define plan number ranges
5. ACTIVITY CO-PA
KEKK= assign controlling areas to operating concerns
KEN1= define number ranges to actual postings
6. CO-PA REPORTING
KER1= define report line structure
KE34= create forms
KE35= change forms
KE36= display forms
KE31= create CO-PA reports
KE32= change CO-PA repots
KE33= display CO-PA reports
7. CO-PA TRANSPORTS
KE3I= create CO-PA transports
PROFIT CENTER ACCOUNTING
1. BASIC SETTINGS AND MASTER DATA REVIEW
OKE5= maintain controlling area setups
1KE1=analyze settings
OKE4= update settings
OKE7= maintain time based fields
2. ASSIGNEMENT IN PCA
1KEB= perform fast assignment
OKEM= sales order sub creation
OKEL= sales order dist sub creation
1KE4= PCA assignment monitor
3. ACTUAL POSTING MAINTAINANCE
1KEF= set control parameters for actual postings
GCBX= define document types for actual postings
OKB9= maintain default account assignment
3KEH= maintain add. Bal. sheet and P&L acts.
2KET= activate balance carry format for CO-PA
4. PCA PLANNING
OKEQ= maintain controlling versions
GCBA= define documents types for plan postings
GS01= set maintenance for plan parameters creation
GP41= create plan parameters for plan postings
KE62= copy data to plan
INVESTEMENT MANAGEMENT
1. PROGRAMS TYPES, INVESTEMENT MEASURES
AND INVESTMENT PROFILE
OIT3= define program types
OITA= define investment profiles
2. I.M PLANNING AND BUDGETING PROFILES
OIP1= define investment management plan profile
OIB1= define IM budget profile
OIT5= assign actual value to budget category
OK11= define IM management plan profile
0BY7 = Copy chart of accounts.
2.FISCAL YEAR VARIANTS
OB29=define fiscal year variants
OBB0=define posting periods variants
3.COMPANY CODE CONFIGURATION
OX02=company code creation
OBY6=define company code global parameters
EC01=copy company code
OY01=define countries
OB22=define parallel currencies
4.BUSSINESS AREAS
OX03=define business areas
GGB0=define validations
OB28=activate FI validations
5.FUNCTIONAL AREAS.
OKBD=define functional areas.
GGB1=define substitution
GS01=create sets
OBBZ=create functional area substitution
6.SALES AND USE TAX.
OBBG=assign country to tax calculation procedure
OBCO=specify structure for the jurisdriction code
OBCP=define tax jurisdiction codes
FTXP=define codes on tax and purchases
OBCL=define tax code for non-taxable transactions
GENERAL LEDGER
1. CHART OF ACCOUNTS.
OBD4=define account groups.
FSP3=chart of account display
OB53=define retained earnings account
OB15=define sample account rule types
FSK2=define data transfer rules
OB67=allocate company codes to rule types
FSM1=create sample accounts
FS01=create G/L accounts master records
2. COPYING AND TRANSPORTING G/L ACCOUNTS.
OB49=transport chart of accounts
OBY2=copy company codes
OBC4=define field status groups
3.POSITION KEY CONFIGURATION.
OB41=define position key configuration.
4. AUTOMATIC ACCOUNT DETERMINATION.
FBKP=configure auto act determination
OBY0=define tax accounts auto act assignement
OBYA=define cross company code
5.FINANCIAL STATEMENT VERSION.
OB58=define financial statement version
6.G/L DISPLAY CONFIGURATION.
O7Z3=define line layouts
OBVU=add special fields
O7S7=define sort variants
O7R1=define total variants
7.TOLERENCE GROUPS.
OBAY=define tolerance groups
OB57=allocate isers to tolerance groups
8.NUMBER RANGES AND DOCUMENT TYPES
FBN1=define FI number ranges
OBA7=define FI document types
OBU1=define document types and posting keys
O7E6=define fast entry screen
ACCOUNTS PAYABLE A/P
1. HOUSE BANKS AND ACCOUNTS
FI12=define house banks
FCH1=define check lots
FCHV=define void reason codes
2. PAYMENT PROGRAM CONFIGURATION
FBZP=payment program configuration
3. VENDOR MASTER DATA
OBD=3define vendor groups
XKN1=create number ranges for vendor account groups
OBAJ=assign number ranges to vendor groups
FK15=copy vendor master records
FK16=important vendor master records
ACCOUNTS RESIVEABLR A/R
1. TERMS OF PAYMENTS AND INTEREST CALCULATION
OBB8=define terms of payments
OB46=define interest calculation types
OB82=make the interest indicator avail to interest run program
OBAC=define reference interest rates
OB81=assign reference interest rates to interest indicators
OBV1=interest calculations account assignment
2. REASON CODES.
OBBE=define reason codes
OBCR=define reason codes conversion version
OBCS=map external reason codes to internal reason codes
3. DEFAULT ACCOUNT ASSIGNMENT
OBXL=assign G/L account to reason codes
OBX1=cash discount accounts
4. OVERALL A/R AND EMPLOYEE TOLERENCES
OBA3=define customer tolerance groups
5. CREDIT MANAGEMENT
OB45=define credit control areas
OB01=define credit risk categories
OB02=define credit representative groups
OB51=assign employee credit representitive groups
OB39=define days in arrears calculation
6. CUSTOMER MASTER RECORDS.
OBD2=define customer groups
ACCOUNTS RESIVEABLR A/R
1. TERMS OF PAYMENTS AND INTEREST CALCULATION
OBB8=define terms of payments
OB46=define interest calculation types
OB82=make the interest indicator avail to interest run program
OBAC=define reference interest rates
OB81=assign reference interest rates to interest indicators
OBV1=interest calculations account assignment
2. REASON CODES.
OBBE=define reason codes
OBCR=define reason codes conversion version
OBCS=map external reason codes to internal reason codes
3. DEFAULT ACCOUNT ASSIGNMENT
OBXL=assign G/L account to reason codes
OBX1=cash discount accounts
4. OVERALL A/R AND EMPLOYEE TOLERENCES
OBA3=define customer tolerance groups
5. CREDIT MANAGEMENT
OB45=define credit control areas
OB01=define credit risk categories
OB02=define credit representative groups
OB51=assign employee credit representitive groups
OB39=define days in arrears calculation
6. CUSTOMER MASTER RECORDS.
OBD2=define customer groups
CONTROLLING ENTERPRISE STRUCTURE
1. CONTROLLING AREAS
OX06=controlling area maintenance
OKKP=activate relative CO components within
Controlling area
KANK=maintain number ranges
2. OPERATING CONCERNS
KEP8=maintain operating concerns
OKEQ=version configuration screen
COST ELEMENT ACCOUNTIN
1. AUTOMATIC COST ELEMENT CREATION
OKB2= automatic cost element creation
OKB3= creation of the cost elements
Creation batch run session
SM35= execution of the cost element creation
batch input session
2. MANUAL COST ELEMENT CREATION
KA06= seacondry cost element creation
KA01= primary cost element creation
3. IMPUTED COSTS
KSAZ= manual overhead costing sheet
Creation for imputed cost calculation
4. RECONCILATION LEDGER
KALA= activate the reconciliation ledger
OKKP= assignment of the reconciliation
Table to the controlling area
OBYB= maintain the CO-FI automatic account
Assignment configuration
OK13= assignment to the reconciliation ledger
Document number range
COST CENTER ACCOUNTING
1. C.C.ACCOUNTING STANDARD HIERACHRY
KSH2= C.C.A standard hierachry maint creation.
2. CO AREAS P.C.A MAINT.
OKES= maint the PCA CO area settings
OK59= creating the dummy profit center
3. COST CENTER BASICS
OKA2= cost center category maint
OKEG= maint of the time based fields
KS01=creating/main the cost center M. records
4. ACTIVITY TYPES STATSTICAL KEY FIGURE
KK01=creation / maint of statistical key figs
KVA5= activity independent key figs
KV06= creation of an allocation cost elements
OKEI= time based field maint for activity types
OKL01= creation maint of activity types
5. ASSESMENT –DISTRIBUTION AND REPORTING
KCAV= maint of the allocation character for the sender /receiver
KA06= creation/maint of the assessment cost element
KSWI= creation of the cost center reporting
KSV1= creation of the cost center distribution
KSU1= creation of the cost center assessment
6. COST CENTER ACCOUNTING PLANNING
KP97= copy planning for cost center accounting
KPU1=creation of the plan revaluation
KP65= creation of the cost planning layout
KP34=planning profile creation
OKB9=maint of the CO automatic account
INTERNAL ORDER ACCOUNTING
1. ORDER SETTELEMENT CONFIGURATION
KA01= primary cost element
KA06= secondary cost elements
OK06= settlement structure
OKEV= origin source structure
OK07= settlement profile
SNUM= maintain number range assignment
2. ORDER PLANNING AND BUDGITING
OKEQ= maintain CO versions
OKOS= define planning profile for overall value planning
OKOB= define budget profile
OK14= maintain budget manager
OPTK= define exempt cost element for availability control
KANK= maint number range assignment
OK11= maint number range for planning/ budgeting objects
3. INTERNAL ORDER STATUS MANAGEMENT
KOT2= define order status management
KOV2= define transaction groups
OK02= define status profile
BS52= define authorization keys
4. ORDER TYPE DEVELOPMENT
KOT2= define order types
PROFITABILITY ANALYSIS
1. OPERATION CONCERN DEVELOPMENTS
KEAO= maintain operation concerns
2. CHARACHTERISTIC DERICATION
KE4K= maint derivation
KE04= create derivation structure
KE05= change derivation structure
KE06= display derivation structure
KES1=maintain CO-PA master data
KE07= create derivation rules
KE08= change derivation rules
3. ASSIGNING VALUES TO VALUE FIELDS
KE41=assign condition types to value fields
KE4M= assign SD quantity fields to value fields
KE4W= reset value fields
KEI1= define PA settlement structure
KEU1= create CO-PA cost center assessment
KEV2= change CO-PA cost center assessment
4. CO-PA PLANNING
OKEQ= maintain plan versions
KEF1= define planning revaluation
KE14= create planning layouts
KE15= change planning layouts
KE16= display planning layouts
KP34= define planning profiles
KE4D= define external data transfer structure
KE4Z= define assignment groups
KE4E= define field assignment
KEN2= define plan number ranges
5. ACTIVITY CO-PA
KEKK= assign controlling areas to operating concerns
KEN1= define number ranges to actual postings
6. CO-PA REPORTING
KER1= define report line structure
KE34= create forms
KE35= change forms
KE36= display forms
KE31= create CO-PA reports
KE32= change CO-PA repots
KE33= display CO-PA reports
7. CO-PA TRANSPORTS
KE3I= create CO-PA transports
PROFIT CENTER ACCOUNTING
1. BASIC SETTINGS AND MASTER DATA REVIEW
OKE5= maintain controlling area setups
1KE1=analyze settings
OKE4= update settings
OKE7= maintain time based fields
2. ASSIGNEMENT IN PCA
1KEB= perform fast assignment
OKEM= sales order sub creation
OKEL= sales order dist sub creation
1KE4= PCA assignment monitor
3. ACTUAL POSTING MAINTAINANCE
1KEF= set control parameters for actual postings
GCBX= define document types for actual postings
OKB9= maintain default account assignment
3KEH= maintain add. Bal. sheet and P&L acts.
2KET= activate balance carry format for CO-PA
4. PCA PLANNING
OKEQ= maintain controlling versions
GCBA= define documents types for plan postings
GS01= set maintenance for plan parameters creation
GP41= create plan parameters for plan postings
KE62= copy data to plan
INVESTEMENT MANAGEMENT
1. PROGRAMS TYPES, INVESTEMENT MEASURES
AND INVESTMENT PROFILE
OIT3= define program types
OITA= define investment profiles
2. I.M PLANNING AND BUDGETING PROFILES
OIP1= define investment management plan profile
OIB1= define IM budget profile
OIT5= assign actual value to budget category
OK11= define IM management plan profile
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