What is special purpose ledger?
Answers were Sorted based on User's Feedback
Answer / annu
special purpose ledger is used for reporting purpose.It
receives data from all modules and summerizes data for user
defined reporting purpose.
The answers u mentioned above are about special gl
transactions not special purpose ledger
Is This Answer Correct ? | 119 Yes | 2 No |
Answer / balaji.v.t
The Special Purpose Ledger is used for statutory reporting
or mangement reporting purpose. It also help us in doing
single entry, adjstment posting like income tax
deperication.
Steps for cofig.
- Define Table Group
Financial Accounting -> Special Purpose Ledger -> Basic
Settings -> Tables -> Definition -> Define Table Group
Is This Answer Correct ? | 43 Yes | 7 No |
Answer / vasudev
special purpose ledger used for reporting purpose only to
meet the requirement of needs say internal and external
Is This Answer Correct ? | 40 Yes | 9 No |
Answer / virender kumar gupta
Special purpose ledger is used for reporting purpose. It
receives data from all modules and summarizes data for user
defined reporting purpose.
The Special Purpose Ledger is used for statutory reporting
or mangement reporting purpose. It also help us in doing
single entry, adjstment posting like income tax
deperication. Special purpose ledger used for reporting
purpose only to
meet the requirement of needs say internal and external
Steps for cofig.
- Define Table Group
Financial Accounting -> Special Purpose Ledger -> Basic
Settings -> Tables -> Definition -> Define Table Group
Is This Answer Correct ? | 30 Yes | 3 No |
Answer / suresh vadupu
Special Purpose Ledgers are use for Customized Reporting
Purpose like Internal Reporting Purposes (Management Reports
), External Reporting Purpose ( Tax, Statutory Reporting)
Is This Answer Correct ? | 29 Yes | 5 No |
Answer / saraswathy swaminathan
Special Purpose Ledger. The word special itself means specific transactions not the usual FI Postings.
Special purpose ledger takes care of tax relevant postings in the April -March Period. It requires that you implement this particular ledger along with the movement types and table groups and then conduct GL postings to see whether the document generated also contain Special GL ledger documents.
The first step is to create table groups which will in turn auto create 5 tables. You check the technical characteristics of the Plan Line Item table (created at number 3) where you identify and modify periods (default is 16,, standard sap needs 13 periods only) and then you click install and set it up to include specific standard types FI-SL RFBU and RGL0 for Actual posting.
Finally you test it by doing a FB50 GL posting, note the document numbers and check document environment to look whether documents in accounting now include Spec. Purpose Ledger.
Highly critical to conduct diagonisis while doing this implementation. Hope this helps
Is This Answer Correct ? | 7 Yes | 4 No |
Answer / dev
special ledger mean adv to pay to vendor...means advance amount
as correct word is "TO KNOW EXACT BALANCE"
Is This Answer Correct ? | 0 Yes | 2 No |
Answer / shaik mohiuddin
SPECIAL PURPOSE LEDGER IS USED FOR FINALIZATION AND FOR
ADJUSTMENT PURPOSE LIKE ADVANCES PAID,
Is This Answer Correct ? | 5 Yes | 31 No |
special ledger is created for special transactions like
advance to vendors. The letter 'A' is added in special
ledger coloumn.
Is This Answer Correct ? | 15 Yes | 104 No |
Answer / samarjit
the special purpose g/l are:
. advance from customers
.advance paid to customers
.gurantee
.bills of exchange.
.down payments.
Is This Answer Correct ? | 12 Yes | 108 No |
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