Retention of Account Approach in New General Ledger Accounting 

Use

This migration scenario sets out from the assumption that you have used the account approach to implement parallel accounting in classic General Ledger Accounting and that you would like to keep this approach in New General Ledger Accounting, at least initially. There can be valid reasons for doing so.

You may then want to switch to the ledger approach at a later stage. This may be the case if you in future want to portray more than two accounting principles at the same time and this would make the account approach more complex.

Features

The account approach means that you have set up in General Ledger Accounting specific accounts to which you perform postings from the perspective of a particular accounting principle. This generally relates to a clearly defined set of accounts that can mostly be identified by the account number. You post parallel valuation approaches from Asset Accounting to these separate accounts, but also perform a number of manual adjustment postings and postings from foreign currency valuation.

It is assumed in this scenario that you define in New General Ledger Accounting a leading ledger in which all valuations are managed in parallel accounts. In phase 1, you post the valuation or adjustment postings to parallel accounts subsequently to New General Ledger Accounting by means of document transfer, as is the case for all other documents. For more information on supplementing account assignments or on document splitting, see Migration with Document Splitting. Provided you do not change how accounts are used and the portrayal in the form of absolute postings and/or delta postings, you migrate the valuation documents (including any reversal documents) and adjustment documents to New General Ledger Accounting using the method described.