How SAP Parallel Accounting Works?
The new GL functions include “Parallel Accounting” , it’s an SAP feature where you can maintain different sets of books to satisfy all different requirements of Financial Statement users accurately, efficiently and effectively. Standard reports are already available and readily available to use.
How does Parallel Accounting works in SAP (FICO)?
Requirement is; a leading ledger is created in the system (0L – ledger = GAAP). Then another leger should be created and classified as non-leading ledger (1L – ledger = TAX).
Viewed 8473 times by 3430 viewers
Highlights and Key Functionality of SAP ECC 5.0/6.0
Highlights and Key Functionality of SAP ECC 5.0/6.0 that different from SAP R/3:
1. New: General Ledger extensions:
The folloing are new features:
• Organisations can add dimensions to General Ledger as needed or as business evolves
• Extendible General Ledger that uses standard data structure
• Maintains existing functionality from your current General Ledger in SAP R/3 or R/3 Enterprise
Viewed 8297 times by 3771 viewers
Join SAP Community:
mySAP ERP | SAP Business | SAP Tutorial | SAP Help
SAP Production Planning Powered By:
