Answer / meeravali

Leading ledger may use as per local accounting principles, currencies and fiscal year.
Non leading ledger may use different accounting principles,fiscal year and currencies
ex. your company has in India the fiscal year is april to march that is Leading Ledger
Your company business has in usa for usa fiscal year jan to dec that is non leading ledger

Answer / kanth

New General Ledger has all functions of the Classic General
Ledger but has been enhanced with special ledger functions
to create greater flexibility.
• In New G/L, there is one leading ledger for each
client that is valid for all company codes
• You can define only one ledger as the leading
ledger – SAP provides the leading ledger “0L”
• The leading ledger is integrated with all
subsidiary ledgers
• Only the values from the leading ledger are sent to
CO
• The leading area in Asset Accounting (depreciation
area 01) must be posted to the leading ledger
• Leading ledger uses the (additional) local
currencies assigned to the company code
• Leading ledger uses the GL Total Table: FAGLFLEXT
In each company code, the settings made for the following
parameters are automatically applied to the leading ledger:
• Currencies
• Fiscal Year Variant
• Posting Period Variant
The non-leading ledgers are used as parallel ledger
together with the leading ledger. This can be used to apply
different accounting standards, such as IAS/IFRS or US-GAAP.
• Non-leading ledgers are activated by company code
• You can define additional currencies that deviate
from those used by the leading ledger.
• The currency of the leading ledger is always used
as the first currency.
• As a second and third currency of a non-leading
ledger, you may only use currency types that you have
already assigned to the relevant company code for the
leading ledger
• You can define a fiscal year variant that differs
from the leading ledger. If you don’t specify a FYV, the
FYV of the company code is automatically used.
• You can also define a posting period variant that
differs from the leading ledger
• Separate document types and number ranges can be
defined for non-leading ledgers by users, to ensure
continuity in ledger numbering

Answer / tushar sharma

Leading Ledger is a ledger when we directly post any entry in GL Account .
Non Leading Ledger is a ledger when a posting is come through some Recon account in GL .

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