Activate New General Ledger Accounting | FAGL_ACTIVATION

FICO - Activate New General Ledger Accounting

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.


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




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.

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.

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