is it mandatory to use universal journal for sap central finance?

Central Finance. Since the introduction of the Universal Journal with SAP S/4HANA Finance 2.0, a large amount of information material has been available that describes the architecture as a whole or different aspects of it. SLT Can be deployed as separate instance, on source system or in CENTRAL FINANCE system. Welcome to the Universal Journal – your one-stop shop for financial information in SAP S/4HANA Finance!With SAP S/4HANA Finance, the Universal Journal is one large table that consolidates transactional information that was previously stored in multiple tables. In your SAP S/4HANA system, FI documents and CO postings are combined into one document; the universal journal entry. With SAP S/4HANA Finance, the Universal Journal is one large table that consolidates transactional information that was previously stored in multiple tables. That’s why we have collected some key facts and further information sources explaining the Universal Journal.The Universal Journal brings together the once-separate components Financial Accounting (FI) and Controlling (CO) into one pool of relevant business data. The short answer: the New G/L is not a pre-requisite to move to the Universal Journal.The Classic General Ledger is the GL that was first delivered with SAP ERP. Real-time integration is therefore guaranteed by design. For example:If you are moving to the Universal Journal, there are two scenarios.The most important take-away is that you can implement SAP S/4HANA Finance, with the Universal Journal, without needing to do a functional upgrade to the SAP General Ledger (or the “New G/L”).For more information about our solutions for Finance, please visit:First I say thank you for the wonderful explanation and video.Q.

The SAP Central Finance deployment option for S/4HANA has been available since the Simple Finance days when, in its infancy, it went by the name of Central Journal. SAP Landscape Transformation Replication Server {SAP LT Replication Server): Use of SLT (SAP Landscape Transformation Replication Server) is mandatory to replicate the FI/CO Objects and documents from source system (SAP or Non-SAP). The Universal Journal is a key point of SAP S/4HANA Finance, and those utilizing or plan to utilize the solution should take care to learn all about its capabilities. Meaning that Finance executives and teams can respond more quickly to inquiries about the financial implications of business decisions.One question that comes up frequently is whether it is necessary to upgrade to the “SAP General Ledger” (also known as the “New G/L”). Overall, companies can even benefit from lower TCO thanks to the Universal Journal.The historic separation of Financial Accounting and Controlling dates back to the belief that these areas would be independent of each other from a business point of view, even if they relied on the same underlying business processes. SAP Universal Journal- Reduced Memory Footprints. ... which enables the components to read and process the data required for their business processes from a single location. In addition, all cost elements are part of the chart of accounts. Before we move to Central Finance, lets focus on understanding changes in COPA solution in SAP S/4HANA, which is now called Margin Analysis. The concept of the SAP Universal Journal emerges with the launch of SAP S/4 HANA Finance.With S/4HANA SAP eliminated data, such as aggregates and indexes, it also further reduced memory footprints and table design. It also includes operational information such as customer and product IDs for more granularity in financial reporting.One of the benefits of the Universal Journal is that the same table is used for both transactional processing as well as analytics, leveraging the in-memory technology of SAP S/4HANA. That means no more waiting to reconcile to totals tables, or to replicate information into a separate analytics system.

The universal journal entry requires new levels of consistency between the Customizing settings for FI and CO. For example, the fiscal year variants need to be identical. In order to bring the two areas closer together, reconciliation ledgers were developed and, with the introduction of the architecture known as It was only with the introduction of the SAP HANA database technology that the last logical step could be taken, namely to unite the FI and CO components into one physical table (table ACDOCA).SAP HANA with its superior compression techniques and columnar layout is able to aggregate huge numbers of line items within seconds, making it possible to dispense with separate physical line item and totals tables in each application.

Thanks to this technology, the Universal Journal with its centerpiece, table ACDOCA, could be developed.

The name differentiates it from the SAP General Ledger, which is still affectionately known as the “New GL.” The New GL provided new functionality.

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