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THE NEW GENERAL LEDGER FUNCTIONALITIES OF mySAPâ„¢ ERP
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Short Description: general ledger applications into. a single function to support. management accounting and ... With the new general ledger in mySAP ERP, parallel financial ...
Content Inside: SAP Solution Brief mySAP ERP THE NEW GENERAL LEDGER FUNCTIONALITIES OF mySAPTM ERP In today's environment, your Internal and External Reporting, Combined Where traditional G/L solutions have required the reconciliation of organization needs to satisfy multiple applications, mySAP ERP now provides a unified struc- a wide range of internal and ture that includes the functions of general ledger, cost of sales external reporting requirements ledger, profit center accounting, special ledger, and the consolida- and do so quickly. The mySAPTM tion staging ledger. ERP application now unites all The world of accounting has changed dramatically in recent years. general ledger applications into And the mySAPTM ERP application has changed with it. Where a single function to support traditional general ledger solutions have required the reconciliation management accounting and of multiple applications, mySAP ERP now provides a unified external accounting requirements. structure that includes individual ledgers, such as the cost of sales ledger, profit center accounting, and the consolidation staging As a result, it helps your ledger. As a result, it speeds reconciliation, ensures transparency organization comply with the and auditability, and enables you to meet both internal and latest standards for corporate external reporting requirements. governance, international financial reporting, flexibility, The general ledger in mySAP ERP is based on a broader unified database. For instance, company code, segment, and profit center and fast close. Best of all, it are contained in a single data record that can easily be extended adapts easily to the specific to include other fields. This functionality increases data quality, reporting requirements of your eliminates reconciliation measures, and allows faster execution industry and your enterprise. of period-end closing. And because all relevant data is united in the general ledger, working with the system is considerably easier than before. These features make the general ledger of mySAP ERP an essential part of your company's overall compliance efforts.
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