New General Ledger (New GL) is an enhanced version of the general ledger in SAP ERP. It combines the functionalities of the classic General Ledger, Profit Center Accounting, and special ledgers into a single, unified ledger. This allows for real-time reporting and analysis across multiple dimensions, such as profit centers, segments, and cost centers. It simplifies financial reporting and provides a more comprehensive view of financial data for better decision-making. It's commonly used by large organizations to improve their financial accounting and reporting processes.
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