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2 Replies Latest reply: Jan 4, 2011 7:19 AM by SAI KRISHNA VALLURUPALLI RSS

what is leading ledger, nonleading ledger, document splitting

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what is leading ledger, nonleading ledger, document splitting

 

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  • Re: what is leading ledger, nonleading ledger, document splitting
    satish kumar
    Currently Being Moderated

    Hi Ram,

     

    u2022In New G/L, there is one leading ledger for each client that is valid for all company codes

    u2022You can define only one ledger as the leading ledger u2013 SAP provides the leading ledger u201C0Lu201D

    u2022The leading ledger is integrated with all subsidiary ledgers

    u2022Only the values from the leading ledger are sent to CO

    u2022The leading area in Asset Accounting (depreciation area 01) must be posted to the leading ledger

    u2022Leading ledger uses the (additional) local currencies assigned to the company code

    u2022Leading 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:

     

    u2022Currencies

    u2022Fiscal Year Variant

    u2022Posting 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 codeu2022

    You can define additional currencies that deviate from those used by the leading ledger.

    u2022The currency of the leading ledger is always used as the first currency.

    u2022As 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

    u2022You can define a fiscal year variant that differs from the leading ledger. If you donu2019t specify a FYV, the FYV of the company code is automatically used.

    u2022You can also define a posting period variant that differs from the leading ledger

    u2022Separate document types and number ranges can be defined for non-leading ledgers by users, to ensure continuity in ledger numbering

     

     

    Document splitting:

     

    follow the link..

     

    http://help.sap.com/saphelp_erp2004/helpdata/en/87/3da04028f40160e10000000a1550b0/content.htm

     

    With Best Regards,

    satish

  • Re: what is leading ledger, nonleading ledger, document splitting
    SAI  KRISHNA VALLURUPALLI
    Currently Being Moderated

    Hi,

    _ Parallel Accounting_

     

    General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles.

     

    _ Integration of Legal and Management Reporting_

     

    In General Ledger Accounting, you can perform internal management reporting in parallel with legal reporting. For this purpose, the Profit Center Accounting functions are integrated with General Ledger Accounting. Furthermore, you can generate financial statements for any dimension (such as profit center).

     

    Segment Reporting

     

    General Ledger Accounting supports the segment reports required by the accounting principles IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles). For this purpose, General Ledger Accounting contains the Segment dimension.

     

    _ Cost of Sales Accounting_

     

    You can perform cost of sales accounting in General Ledger Accounting. For this purpose, General Ledger Accounting contains the Functional Area dimension.

     

    Features

    General Ledger Accounting comprises the following functions for entering and evaluating posting data:

     

    - Choice between group level or company level

     

    - Automatic and simultaneous posting of all subledger items in the appropriate general ledger accounts (reconciliation accounts)

     

    - Simultaneous updating of the parallel general ledgers and of the cost accounting areas

     

    - Real-time evaluation of and reporting on current posting data, in the form of account displays, financial statements with different balance sheet versions, and additional analyses.

     

    In this way, General Ledger Accounting automatically serves as a complete record of all business transactions. It is the central and up-to-date component for reporting. Individual transactions can be checked at any time in real time by displaying the original documents, line items, and monthly debits and credits at various levels such as:

     

    - Account information

    - Journals

     

    - Totals/transaction figures

     

    - Balance sheet/profit and loss evaluations

     

    However, SAP still offers to choose between the New GL and the old Classic GL way of accounting.

    There are certain limitations in the new GL and clients are adopting to the new gl concept.

    For more clarity please see the below link

     

    http://www.sap.com/solutions/business-suite/erp/financials/pdf/BWP_New_Gen_Ledger_Acct_Functions.pdf

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