The new GL is a new way of working. It is the largest change in the Financial modules of SAP for over 10 years.

There are two major enhancements in the new GL:

Document Splitting
Parallel Accounting

The document splitting process creates a new view of a standard of all standard Finance documents. The standard view stays and is now referred to as the ?entry? view. The ?General Ledger? view will split out  balance sheet entries by profit centers, business areas, Segments or a combination of the three. The split is real time and enables detailed balance sheets by profit centers which were previously hard to create in SAP and sometimes this had to be done outside of SAP in excel. The ?Segment? field is a new field that can only be used in the new GL. The reason behind this it to meet with IAS 14 rule regarding Segments of a business, and a Segment can be attached to a profit Center

Parallel Accounting is a replacement in some ways of the special purpose ledger. It enables journals to be posted into combinations of different ledgers to enable statutory reporting for local GAAP or US GAAP. Again this will remove manual work in excel that may be local, as this is in SAP it can be seen and used by all.

Key Business Benefits

• Real time profit center balance sheets
• Ability to have Segmental and Financial Statement reports that can be filtered by Profit Centers
• Ability to split documents by Business Area, Profit Center, Segment or any custom field
• Parallel accounting to meet GAAP and IAS requirements
• Ability to turn off PCA and or Special Purpose Ledgers
• Reduction in month end tasks
• Reduction in support and development costs

Our Approach

• Meet with Client.
• Hold a workshop to understand how they could use new GL, Document splitting
• Agree all processes and procedures with the client
• Perform the config.
• Unit test the config, all accounts, and doc types
• User Acceptance tests, end to end scripts required.
• Go live
• Provide support.

Next Steps

Bluefin would like to come and talk to you about the New General Ledger and how it could improve Financial process in your organisation. We offer workshops, seminars and one to one sessions with clients to work out the best options and roadmap for improvements in the future. Look out for our up and coming seminars that will include detail on the SAP New General Ledger.