From the technical standpoint, New GeneralLedger Accounting offers the following advantages over classic General LedgerAccounting:
· The introduction and portrayalof the business model now occurs in just one application component. This meansthat there is no further need for the cost of sales ledger, the special purposeledgers in FI-SL, the reconciliation ledger, and the profit center ledger.
· Users only have to be familiarwith the interface and functions of one component. Users already familiar withthe R/3 System require very little training, if any.
· The data is only stored once inthe system (in just one totals table), thereby eliminating data redundancy.
· No need for additionalreconciliation activities during closing.
· Easier to make adjustments tobusiness-specific requirements (such as the inclusion of customer fields aspart of flexible reporting).