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Former Member

Parallel Ledger functionality in New GL

Can some one provide input on business process requirement that is solved by enabling Parallel ledger in New GL?

Thanks in advance.

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2 Answers

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    Former Member
    Posted on Aug 21, 2007 at 10:23 PM

    The following situtaion can explain where we have used the parallel ledge

    our company is located in United states and its fiscal year is from sep-aug but it has a branch in Mexico which fiscal year is jan-feb. we used the parallel ledger concept where in the parallel ledger for mexico we used another fiscal year that is jan-feb and in the leading ledger for the same company code we used sep-aug.

    ASSIgn points if helpful

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    Former Member
    Posted on Aug 22, 2007 at 12:40 AM

    Hi Kitty,

    The Parallel Ledger functionality in the New GL is that , if the same company code need to maintain in different Fiscal Year Variant in parallell to the Local reporting.This can be called as non-Leading ledger. we can define as many ledgers as Possible at the client level.

    Regards,

    Gangadhar

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