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What is leading and non-leading ledger in the new Gl
configuration?
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Answer Posted / mangaiah
the leading ledger is based on same accounting principals as
that of consilidate financial statement .it is integrated
with all subsidiary ledgers andis update in all company
codes you must designate one ledger as leading ledger
in India fesical year variant is V3 and leading ledger is 0l
non leading ledgers are parallel to leading ledgers.they can
based for example on local accounting principals such as
german commercial code
you must active a non leading ledger by company code
our branch in foreign countries at that time we use non
leading ledgers
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