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what is the difference between leading and non leading ledger.
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Answer Posted / 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
| Is This Answer Correct ? | 4 Yes | 2 No |
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