Every organization needs to satisfy a wide range of internal and external requirements on financial reporting. Thanks to its new General Ledger, the mySAP ERP application integrates the functionalities of both management accounting and external accounting requirements.

As a result, your organization will eliminate issues with international reporting, will easily comply with your corporate rules, its flexibility will be enhanced and, last but not least, your monthly statements will be produced faster. The most significant advantage of the new General Ledger is its easy adapting to specific reporting requirements in your industry and your company.

Internal and external reporting

Where traditional General Ledger solutions used to call for a harmonization of a number of applications, mySAP ERP uses a unified structure adapted to your requirements. Thanks to the fact that all relevant data are part of the General Ledger, the work with the system is much faster and more straightforward than ever before. It is completely up to you to decide for integrating into your General Ledger your information on costs, sales, profit centers or consolidation, or only some of it. Thanks to this, you will be able to simply and quickly compare the results of your organizational units or their parts, your system will be transparent and well documented, and it will become your basis for satisfying a variety or reporting requirements.

Parallel financial reporting

Many companies in the European Union need to report their results in compliance with international accounting standards, however, they are also obliged to observe their local accounting standards.

Such parallel accounting used to be rather complicated in past, with postings to various groups of accounts, which presented a considerable workload. In the new mySAP ERP General Ledger, parallel accounting is represented by “ledgers”. A single operation can post to all the ledgers at a time, as well as to only some of them. You are also not compelled to post to various groups of accounts, as both local and international reporting can be tracked separately on the ledger level.

Different views of your balance

When implementing the new General Ledger, you can activate the “document distribution” functionality. This enables you to have the selected objects posted also to items, where they were not originally present. For example, information from the cost lines of a supplier invoice can be posted to supplier or tax lines. In this way you will be able to create separate balance overviews based on criteria defined by yourself. As a result, you will avoid a variety of corrective postings in your balance sheet or P&L, as these allocations have already been made when the document was being created.