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.

Without the New General Ledger function, the expenses were posted with the relevant expense information within the posting transfer, but the liabilities were posted exclusively with the company code and business area. Other information was not provided with the posting of. Jun 28, 2011  New General Ledger actually means the new functionality of additional ledgers that can be used for reconciling entries to comply with a.

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.

Lawson User Manual 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.

General Journal

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.