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Activate New General Ledger Accounting | FAGL_ACTIVATION

New General Ledger is functionality coming with SAP ERP 6.0 onward. It is an important rebuild from SAP which address many year-end closing issues as well as regulatory requirements primarily coming from accounting bodies such as IFRS. This setting is client-depended, so you should do it for every client independently.

Transaction: FAGL_ACTIVATION

IMG Path: Financial Accounting -> Financial Accounting Global Settings -> Activate New General Ledger Accounting

Table: FAGL_ACTIVEC

When you enter into the transaction you will see only one option. If you already use Classic GL, you should do the migration steps, before you activate the New GL.

Tags FAGL_ACTIVATION FAGL_ACTIVEC New General Ledger

About Emiliyan Tanev

Hello, My name is Emiliyan Tanev. I am SAP BPC Certified Application Associate with a good process understanding of FICO. I am also an experienced accountant and financial controller with 5+ years of diversified responsibilities. I am also a member of Management Accounting Body in the UK - CIMA and CGMA in the US. I love IT and Finance which impacted my career orientation towards SAP FICO and BPC. Follow me and get the latest tips, tricks, tutorials and career guides related to SAP BPC. More about me on My Story.