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SAP New GL: The New General Ledger

Companies should switch to SAP New GL now. Why this is important, which functions the new general ledger offers and why the changeover with GAMBIT's software tool makes sense, read here.

Quick start

Quick start

What is SAP General Ledger?

What is SAP General Ledger?

SAP General Ledger (SAP GL) is the general ledger within SAP Financial Accounting (FI). 

It consists of G/L accounts and is used to record all financial transactions of a company. Furthermore, it represents the basis of the balance sheet.

What is the difference between the classic general ledger and SAP New GL?

What is the difference between the classic general ledger and SAP New GL?

In addition to the classic general ledger, a new variant called SAP New GL has existed since the introduction of SAP ERP 6.0. But where are the differences to the previous approach?

Companies use both general ledgers and sub-ledgers and profit center accounting to comply with legal requirements and internal regulations. In previous SAP releases, these functional areas of accounting were separated from each other. There was no automatic reconciliation between general ledger and sub-ledger. Instead, this had to be done manually for each closing.

SAP New GL solves this problem by merging internal and external accounting into a single-entry system. This significantly speeds up the period-end closing process.

Some advantages at a glance:

  • Elimination of separate maintenance of different ledgers and reconciliation between general ledger and subledgers.
  • Reduced amount of data and increased efficiency of the database, as the application stores data on business transactions in only one table
  • Easier integration of additional fields, as these additional fields do not have to be mapped in multiple tables
  • Less training time for the New GL, as the user interface of the new general ledger is similar to the "classic" general ledger

Downloads & Links

  • Whitepaper “SAP S/4HANA”

    What are the advantages of SAP S/4HANA? When should companies switch? What operating models are available? And what implementation options are there? You can find out all this and more in this white paper.

  • Whitepaper "Digital Discovery Assessment"

    Deciding on the right operating model for SAP S/4HANA is one of the most difficult decisions that companies currently have to make. Do I stay on-premise, do I switch to the Private Cloud Edition or do I go for a highly standardized Public Cloud Edition?

  • Whitepaper “SAP S/4HANA Cloud”

    On to a modern, future-proof ERP solution!

  • Whitepaper "SAP S/4HANA Finance for Group Reporting"

    Consolidation is sometimes difficult and time-consuming with some of SAP's previous solutions. What is better with SAP S/4HANA Finance for Group Reporting? “Whitepaper ”SAP S/4HANA Finance for Group Reporting"

The most important features of SAP New GL

01

Realize closings faster

With SAP New GL, you significantly simplify your accounting processes. Manual reconciliations are a thing of the past thanks to deep integrations.

02

Optimize reporting

Use parallel accounting and different accounting options - for example, at the profit center, segment, and business unit level.

03

Creating the prerequisite for S/4HANA implementation

You can also use the classic general ledger with SAP S/4HANA. We recommend switching directly to the modern ledger technology of SAP S/4HANA - ideally as a preliminary project for the migration to SAP S/4HANA.

04

Flexible migration with the GAMBIT migration tool

GAMBIT has developed a tool with which the migration to the new general ledger can be performed extremely flexibly and on any date.

SAP New General Ledger: Scope of Functions

SAP New General Ledger: Scope of Functions

By converting to SAP's new general ledger, companies gain access to numerous new functionalities that enable them to optimize their financial accounting and controlling processes. These include:

  • Real-time integration of financial accounting and controlling ("Universal Journal")
  • Simplified parallel accounting in different ledgers
  • Document splitting on selected dimensions
  • Accounting options at profit center, segment and business unit level
  • Functions for parallel valuation and material transfer prices now also available in the general ledger
  • Parallel valuation, additionally with transfer prices
  • Valuation areas (inventory and FX)
  • Harmonized currency settings
  • Elimination of summary tables, resulting in a simplified data model (no more redundancies)

Parallel accounting and deep CO integration provide enormous time savings

A significant advantage of SAP New GL is the possibility of parallel accounting. The ledger solution allows any number of ledgers to be used. International requirements can thus be covered in a simple manner.

Online postings and simultaneous closing operations for all ledgers can be carried out via a uniform interface (similar to the classic general ledger). SAP New GL also provides uniform reporting for all ledgers.

This results in greater efficiency and transparency - both in monitoring individual transactions and in period-end closing. Last but not least, the fast close is accelerated, as significantly less duplicate processing and reconciliations are required.

Also worth mentioning is the enhanced integration of Financial Accounting and Controlling that comes with the implementation of SAP New GL.

Postings from CO to FI are made in real time. The intermediate step via reconciliation ledger - which had to be performed for cross-company code postings - is therefore no longer necessary.

The advantages mentioned so far already result from the new general ledger in SAP ECC. If New GL is used under SAP S/4HANA, the following added values also come into play:

  • Parallel valuation, additionally with transfer prices
  • Valuation areas (position and FX)
  • Harmonized currency settings
  • Elimination of summary tables, thus simplified data model (no more redundancies)

Faster period closing

Since the new general ledger no longer requires a reconciliation between the cost centers (internal accounting) and the general ledger (external accounting), the transfer postings previously required at the end of a period are no longer necessary.

In addition, in the past it was the case that transfers in Controlling only affected the cost of sales accounting at the end of the period.

For example, if a goods receipt is posted, in the classic scenario a document is created in FI and CO in each case. Although there is a link via a key, these are still independent documents that must be stored redundantly.

If the costs from the CO document are now to be distributed to profit centers, this was previously not done automatically in the general ledger. Instead, the data had to be reconciled manually during period-end closing.

SAP New GL solves this problem: Real-time reconciliation can be activated here, making fast close much more efficient. Furthermore, this also eliminates the need for clearing entries in the case of cash discounts, which were not automatically transferred to the CO module in the classic scenario.

Meinolf Schäfer, Senior Director Sales & Marketing

Would you like to know whether switching to SAP New GL is worthwhile for you? Let's talk about it!

What is the difference between SAP New General Ledger and Universal Journal?

What is the difference between SAP New General Ledger and Universal Journal?

In practice, the terms "New General Ledger" and "Universal Journal" are often confused. 

However, there are clear differences. For example, the New General Ledger has already existed since SAP ERP 6.0, while the Universal Journal is only available as of S/4HANA (or Business Suite on HANA).

  • In the New General Ledger, two documents are still created for accounting transactions - one for FI and one for CO.
  • In the Universal Journal, on the other hand, the relevant data and documents are fully merged into one table. The merging not only affects CO documents, but also material documents ("material ledger"), among others. This again drastically reduces redundant data storage in the system.

SAP Central Finance

Manage your finances in real time, even when using different SAP and non-SAP systems? This is possible with SAP Central Finance. We will be happy to tell you why the changeover is worthwhile and how you can maximise your benefits!

What is the migration process to the new general ledger from SAP?

What is the migration process to the new general ledger from SAP?

Whether SAP S/4HANA migration, carve-out, merger, or chart of accounts conversion: The conversion to the new general ledger often takes place in the context of other measures. 

Regardless of the reason, however, a migration to SAP New GL is always accompanied by a redesign of business processes. Corresponding projects are therefore suitable for optimizing accounting in SAP. Often, the creation of an FI template for the standardization of account assignments is also required.

  • A chart of accounts changeover should be carried out before the migration to the new general ledger. If parallel accounting has not yet been used, this can be done either before or after the migration. The following variants are possible:
  • Before migration: introduce account solution, keep solution after migration or change to ledger solution.
  • Introduce account solution after migration
  • Introduce ledger solution after migration

In addition, when subsequently implementing functions in a New Ledger system, consideration should be given to whether it makes sense to also introduce the following approaches:

  • Segmentation
  • Parallel accounting
  • Additional business functions (e.g. new SAP asset accounting)

Conversion to SAP New GL: GAMBIT Tool with Significant Added Value

Conversion to SAP New GL: GAMBIT Tool with Significant Added Value

The migration tool developed by SAP for SAP New GL goes through three different phases:

  • Phase 1: Conceptual design of the new general ledger accounting, customizing in the system.
  • Phase 2: Closing of the old fiscal year, execution of the migration, activation of new general ledger accounting
  • Phase 3: Update of the classic general ledger is deactivated, new general ledger is used

This approach has a crucial weakness: it does not support the intra-year or retroactive migration to the new general ledger. GAMBIT has therefore developed its own migration tool that solves this problem.

The advantages of the GAMBIT tool to switch to New GL

The advantages of the GAMBIT tool to switch to New GL

  • With the help of the GAMBIT tool, migration is possible on any key date. The date of the New GL migration is therefore freely selectable.
  • If required, the data history can be taken over as well (partially or completely).
  • In contrast to SAP's migration model, the GAMBIT tool works with only one phase. In this phase the customizing of SAP New General Ledger is set up, activated and migrated. Conversion projects are thus much easier to plan and can be carried out in a shorter time.
  • For systems with a high volume of documents it is also important that the conversion to the new SAP General Ledger is carried out with a near-zero downtime. GAMBIT can meet this requirement as well by splitting the migration according to company codes. The conversion can then take place in several individual steps.
  • Furthermore, the GAMBIT migration tool allows the introduction of a new ledger afterwards. For this purpose, the documents from a selected period are generated retroactively.

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New highs in M&A deals are being recorded, and the value of deals worldwide has also risen significantly recently. But why is that and what are M&A deals anyway?

What is SAP SuccessFactors?

SAP SuccessFactors is an HR cloud solution. It supports companies in controlling and transforming their HR management processes. In this article, we provide an overview of the solution.

ECC conversion by 2033: SAP Cloud Transition Option

New offering for SAP customers: In Q2 2025, SAP will introduce a "transition option" to support the move from SAP ECC to SAP Cloud by 2033 (instead of 2030).

What is the SAP Business Data Cloud?

The SAP Business Data Cloud (BDC) is a fully managed SaaS solution for standardizing and managing SAP data. Read here what you need to know about BDC.

What is SAP Business Suite in the cloud?

SAP has relaunched the name Business Suite - for all of the Group's cloud applications. Read here what you need to know about the new Business Suite.

What is an e-invoice?

E-invoicing between domestic companies has been mandatory since January 1, 2025. Here you will find answers to the most important questions about electronic invoicing.

What is SAP Document and Reporting Compliance?

SAP Document and Reporting Compliance (SAP DRC) is the SAP solution. Companies can use it to meet compliance requirements. Read here what you need to know about SAP DRC.

ETL Process

The ETL process is one of the fundamental concepts in computer science. It enables the transformation of data from various sources into valuable knowledge. On this page, you will learn more about the details!

19 questions about SAP S/4HANA

What is SAP S/4HANA? What are the advantages of SAP S/4HANA? Or how to make the switch to the new ERP suite from SAP? Questions over questions. Here you will find the answers.

What is SAP Credit Management?

SAP Credit Management is a software solution that helps companies to manage credit risk when dealing with customers. Get to know the solution here.

What is SAP Cash Management?

SAP Cash Management helps companies to manage cash flows, liquidity planning and cash flow monitoring. Find out here what you need to know about this product.

What is SAP Collections and Dispute Management?

Efficient receivables management and rapid dispute resolution: SAP Collections and Dispute Management automates processes, improves liquidity and strengthens customer relationships - integrated in SAP S/4HANA.

What is SAP SCM?

SAP SCM is an independent product with various functions for supply chain management under SAP ECC. Read here what you need to know about SAP SCM.

What is WalkMe?

With the help of the Digital Adoption Platform, users can get to know and use software more easily and companies can optimize applications. WalkMe has been part of SAP since 2024. Get to know the solution here.

11 questions about SAP Central Finance

SAP Central Finance is an SAP platform for finance and controlling, reporting and consolidation. Read the answers to 11 key questions about Central Finance here.

Central processes in SAP Central Finance

With SAP Central Finance, processes in Finance can be centralized. Find out here what these processes are and what advantages they have in detail.

10 questions about RISE with SAP

What is RISE with SAP? What are the benefits of SAP's new offering and how does RISE relate to the SAP S/4HANA Cloud? We answer your questions about RISE with SAP.

SAP and Brexit: What you need to consider now

Since January 1, 2021, the negotiated partnership agreement between the EU and the United Kingdom has provisionally applied. Many companies still have to make necessary adjustments now.

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