Hi Farzana
Here is what I can think of:
You have two business divisions A & B and you want to look at consolidated balance sheet of A & B as well as A & B separately. You can do that in new GL with two options:
1. Create just one company code for both A & B. Now your profit centers can be structured as per division A & B. With real time document splitting you will get the information for all profit centers in the respective divisions in T Codes like S_PL0_86000030. However, there may be some issue like inter profit center elimination of profits etc, for which you would need Transfer pricing implemented. So unless you have a bit more detailed clarity on what kind of transactions will be posted, how inter profit center profits and revenue will be accounted for, this design may be a bit tricky
2. Other way is to create two seperate company codes, but still use New GL with document splitting. The design here has the below advantages:
(a) Easier identification of cross division transactions
(b) Easier from a transaction and tax perspective to maintain and operate in SAP
(c) If you are also using Consolidation tools like EC-CS, hyperion or BPC, it is much easier to consolidate the data.
So depending on how your processes are structured, how transactions will be posted, you can decide on how the org structure should look like. Of course, usage of new gl and document splitting should definitely be there in both the above options since the data is easier to draw on real time basis.
Thanks & regards
Sanil Bhandari