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.

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.

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.

what is leading and non-leading ledger means in new GL Structure? what does it works for?

1 Answers   IBM,

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please explain fi-sd integration with dtailed, thank u

3 Answers  

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what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the intrest amount ?

0 Answers   ABC,

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What are the segments of the customer master record? : cost center accounting

0 Answers  

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hi this is ganesh i am having experiance in finanace ,my graduation -B.COM+ONE year excutive MBA i am looking coaching for SAP(FICO) from realtime experiance person from BANGLORE --if any body is their please mail me -to---ganesh.isbm@gmail.com Thanking you Regards Ganesh

0 Answers  

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1. in vendor/creditor A/c should we select balance in local currency as they are reconcilation accounts 2.what is the difference between vendor invoice clearing A/c (f.13) and vendor payment (f-43)

2 Answers  

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please any body can tell me ,what reponsibilities and roles should a sap fico consultant do in the job

0 Answers   IBM,

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I had complete customization for INPUT & OUTPUT taxes but still when I am posting in f-43 or f-22, even after selecting calculate tax check box. system is showing error msg (Enter Exchange Rate Type is not defined for country IN) how to solve this.

5 Answers  

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how can run partial payment in APP.

7 Answers   IBM,

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what is the path for Automatic payment?

3 Answers  

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The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. How to clear the vendor invoice through app.

18 Answers   Cap Gemini, TCS,

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What is a company code?

0 Answers  

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