Changed
Standard Processes 
Use
Features
The main processes to be affected are as follows:
...
● Reconciliation Ledger
In classic General Ledger Accounting, you could use the reconciliation ledger to meet the following requirements:
○ Reconciliation postings between Controlling and Financial Accounting
○ Reporting at cost element level
The reconciliation postings between Controlling and Financial Accounting are replaced by the real-time integration with CO. You can deactivate the reconciliation ledger as part of the migration to New General Ledger Accounting. However, you do not have to deactivate it if you want to continue to run cost element reports on the basis of the reconciliation ledger.
● Financial Statement Adjustment
The financial statement adjustments are replaced by document splitting.
● Preparation for Consolidation
Since there is no information about the characteristic Company in classic General Ledger Accounting (standard table GLT0), it was sometimes necessary to write company information to a separate table (standard table GLT3). After the migration to New General Ledger Accounting, this is no longer necessary because the standard totals table FAGLFLEXT contains the characteristic Company.
● Cost of Sales Accounting
In mySAP ERP 2005, you no longer need to have a special ledger in New General Ledger Accounting for the depiction of cost of sales accounting. Table GLFUNCT is replaced by totals table FAGLFLEXT.
Moreover, derivation of the characteristic Functional Areais also changed. With New General Ledger Accounting, functional area derivation is performed in the entry screen as opposed to during document posting as is the case in classic General Ledger Accounting. The new event 0006 replaces the previously used event 0005 for substituting the functional area. For more information, see SAP Note 740519.
● Closing Process
For the closing operation, some of the programs used previously have been replaced by new programs, such as:
○ Reconciliation in FI
○ Reconciliation of FI-AA with FI
○ Foreign currency valuation
○ Balance carryforward
In New General Ledger Accounting, you can perform parallel closing and closing using additional dimensions besides the company code that are based on a uniform data basis. In this way, previous effort-intensive closing operations (such as adjustments) and reconciliation tasks become obsolete.
For more information on closing operations in New General Ledger Accounting, see the documentation in the SAP Library for mySAP ERP 2005.
● Postings to Controlling (CO)
In New General Ledger Accounting, postings that are posted to the leading ledger are transferred into Controlling. Postings that are made exclusively to other ledgers (using the function FB01L or FB50L) are not transferred into Controlling with the standard settings. If you want to post other valuation to Controlling for specific business transactions, you can implement a Business Add-In (BAdI). For more information, see SAP Note 804753.