Managing dual ledgers in SAP

The ‘Accounts method’ vs the ‘Ledger (NewGL) Method’

In our series of articles on ‘Future-proofing your statutory reporting function’, we began with an overview of the different drivers defining the context in which multinational organizations may consider bringing their statutory reporting function to the next level (see  ‘People, process, data and technology’). In a follow-up article, we focused on the technology piece of the puzzle, and how it can be leveraged to move to dual ledger accounting. 

This time we provide an answer to a commonly heard question with companies using SAP: ‘Do I need to switch to the Ledger (or NewGL) approach or can I continue using the Accounts approach?’. We highlight the drivers, the decisions to be made and the considerations to take into account.

Enjoy the read and don’t hesitate to reach out and share your thoughts!

Managing dual ledgers in SAP

The ‘Accounts method’ vs the ‘Ledger (NewGL) Method’

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Jorgen Broothaers

Partner Tax Connected Compliance, Antwerp, PwC Belgium

+32 473 91 02 06

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Kim De Smet

Senior Manager, Antwerp, PwC Belgium

+32 492 74 39 29

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