Answer / paladugu08

How does Parallel Accounting works in SAP (FICO)?
Requirement is; a leading ledger is created in the system
(0L – ledger = GAAP). Then another ledger should be created
and classified as non-leading ledger (1L – ledger = TAX).

All financial transactions in the system are posted to both
ledgers if no ledger is specified in the transaction. If
you generate a financial statement or gl account report,
both ledgers contain the data of the transaction posted.

To post only to specific leger (e.g. 0L – ledger), the
Ledger Group field in the header should be filled-up with
0L – ledger. The transaction won’t affect the other ledger
(1L – ledger).

Configuration Steps:
1. Define Ledgers for General Ledger accounting
2. Define Currencies for Leading ledger
3. Define and active non-Leading ledger.

Answer / mathi

The above answer is correct

Situation:- We are following fiscal year is Jan to Dec. we purchased an asset for Rs 1,00,000 /- and we are calculated on this asset depreciation is 10%. At the time of 12th period (Dec) my client is realized that we should have been charged at 5% instead of 10% depreciation. Question:- How you will adjust the depreciation to 5% which has already been charged with 10% on the previous periods (i.e Jan to Nov). Note: it has been changed the depreciation key to 5% on Dec month and same assigned to the particular asset master data. Your valuable suggestion on this much appreciated.

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