What is Parallel Ledger?
Answers were Sorted based on User's Feedback
Answer / sunil
The new GL functions include “Parallel Accounting” , it’s
an SAP feature where you can maintain different sets of
books to satisfy all different requirements of Financial
Statement users accurately, efficiently and effectively.
Standard reports are already available and readily
available to use.
Is This Answer Correct ? | 26 Yes | 2 No |
Answer / ravi kumar reddy
In General Ledger Accounting, you can perform parallel accounting by running several parallel ledgers (general ledgers) for different accounting principles. During posting, you can post data to all ledgers, to a specified selection of ledgers, or to a single ledger:
The data required according to the accounting principle for the consolidated financial statements is managed in the leading ledger of the general ledger (see also Ledgers). This leading ledger is integrated with all subsidiary ledgers and is updated in all company codes. This means that it is automatically assigned to all company codes.
For each additional (parallel) accounting principle, create an additional (non-leading) ledger in General Ledger Accounting.
Is This Answer Correct ? | 6 Yes | 1 No |
Answer / pk
Parallel accounting is New GL concept which has introduced in ECC by SAP.It helps to maintain and generate the financial reports of the company as per different accounting priciples in parallel. We have two approches in parallel accounting such as Account based approch and ledger based approch. Account based approch is a classic approch and parallel ledger is new approch which has introduced from ECC.
Is This Answer Correct ? | 0 Yes | 0 No |
What is mean by Zero balance clearing account? how it used in real time?
What are substitutions and validations?
Tell about standard document types.
what is lot numbers in automatic payment? How to make it?
am getting an error when I am trying to do a settlement for orders. It says "complete allocation structure to A1". Any suggestions?
What is the clearing basis for check deposit?
What is open line item management? What is meant by clearing open line items?
Pls send me some tickets and answerw purpose of interview?
0 Answers Accenture, Acute Technologies,
For what do we calculate the VAT and TDS which is for Customers & which is for Vendors? please reply soon
iam done billing document in sales order is not cost object the billing entry is not genearated the error is foreign trade data missing
what is the cost objects in sap?
What is web? What is its purpose?