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General Ledger Manager comparisons

Compare classic to the new General Ledger Manager

Feature Area	General Ledger Manager (classic)	General Ledger Manager (new version)
Primary functionality	Accept Trial Balance data and configure how to combine those balances to a common chart of accounts with an optional entity rollup.	Accept Trial Balance data and configure how to combine those balances to a common chart of accounts with an optional entity rollup.
Base storage	2GB	1TB
Entity management	Reporting Units and Reporting Unit Rollups are separately maintained in the General Ledger Manager.	Centrally maintained in ONESOURCE Administration using Entities and Entity Rollups.
Chart of Account management	Charts of Accounts and Account Maps are separately maintained in the General Ledger Manager.	Centrally maintained in ONESOURCE Administration using Accounts and Account Rollups.
Mapping rules for Chart of Account	Establish rules for Chart of Account to define default auto-mapping Master Chart of Account.	Not yet available.
Entity and Account Code validations	N/A	Validation check provides feedback when the Entity or Account Code doesn’t exist in ONESOURCE Administration to ensure the data will transfer to ONESOURCE products.
Entity rules	Rules can be established to exclude Entities.	Not yet available.
Trial Balance data elements	Single format with: 4 data fields Reporting Unit Code Account Code Ending Balance Beginning Balance (optional)	2 formats with: 5 data fields Entity Code Account Code Ending Balance Beginning Balance (optional) Financial Hierarchy (optional) 7 data fields (Tax Provision Bridge) Unit Code Flex 1 Flex 2 Ledger Account Code Beginning Balance (optional) Ending Balance Financial Hierarchy (optional)
External data integration	GLM Connect configures a file folder where files can be dropped and automatically processed.	APIs or Inbound Closed Loop enables multiple automation concepts for files from external systems.
Data enrichment	N/A	Uploaded data can be Parsed, Combined, include an Added Single Value and Lookup based on code and bring back other information.
Upload file type	Excel and Delimited	Excel (with ability to define sheet and range) and Delimited.
Compare balances	Side-by-side comparison of Trial Balance data.	Side-by-side comparison of both Trial Balance and Master Trial Balance data.
Master Trial Balance versioning	N/A	Group like Master Trial Balances by using the Version option.
APIs	N/A	REST APIs and OData APIs.
ONESOURCE integration	Income Tax, Tax Provision, DataFlow, and Workpapers.	Income Tax, Tax Provision, DataFlow, Workpapers, and Statutory Reporting.
Export data	Trial Balances and Master Trial Balances (data and audit support).	Trial Balances and Master Trial Balances (data and audit support).
Reporting	Master Balances views by Entity or by Account with both parent and child details.	Master Balances supports grouping by Entity or Account and provides downloadable parent-child details. Future releases will add reporting views and more options in Data Query Reporting.

This article applies to:

Product: ONESOURCE General Ledger Manager