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author's profile photo Former Member
Former Member

Parallel Ledgers

Hello Gurus,

Can a few GLs in the Leading Ledger report to a Parallel Ledger?

The second question is, suppose a Company is based in India as well as has operations in USA. In India it has to comply with Indian Accounting Standards & for USA it has to come up with statements as per US GAAP.

It may be so, that USGAAP does not recognize a particular kind of expense but India Accounting Standard does.

Now, since we are having Parallel Ledgers, the same expense ought to reflect in both the places.

Is there any way, that we report the expense in the Leading ledger that is in Indian currency & followes Indian Accounting Standards, while we prevent its reporting in the Parallel Ledger for USA.

Would be very grateful for any reply.

Thanks in Anticipation.

Regards,

Debojit Dey.

+919931582079

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Sep 18, 2007 at 05:33 PM

    Additionally u can also configure ur ledger as follows:

    Indian ledger to be posted in INR

    US ledger to be posted in USD

    By default u can post to all ledgers. If u want to post only to a particular ledger u can also do it. To that extent it offers flexibility.

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 18, 2007 at 04:10 PM

    Hi,

    Q: Can a few GLs in the Leading Ledger report to a Parallel Ledger?

    A: You select the GLs that you only want to post to an additional ledger

    Q: Is there any way, that we report the expense in the Leading ledger that is in Indian currency & followes Indian Accounting Standards, while we prevent its reporting in the Parallel Ledger for USA.

    A: You specifically choose the ledger group (customizing) when you are posting an expense that is recognized in one of your AS and not in the other. Not choosing the ledger group means that the expense is posted to all ledgers.

    RR

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    • Former Member

      Hi Rolf,

      Thanks a lot for your helpful answer & sorry to assign your well-deserved points, late [I was out of office].

      It would be very nice of you if you may answer a few clarifications to your answers.

      Q: Can a few GLs in the Leading Ledger report to a Parallel Ledger?

      A: You select the GLs that you only want to post to an additional ledger

      -


      > How to do that?

      ===========================================================

      Q: Is there any way, that we report the expense in the Leading ledger that is in Indian currency & followes Indian Accounting Standards, while we prevent its reporting in the Parallel Ledger for USA.

      A: You specifically choose the ledger group (customizing) when you are posting an expense that is recognized in one of your AS and not in the other. Not choosing the ledger group means that the expense is posted to all ledgers.

      -


      > When posting an expense, how & from where do you specify the Ledger Group?

      Are you talking about defining seperate Document Types & specifying the ledger group for the Document Type?

      You reply will be highly appreciated.

      Regards,

      Debojit Dey

  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 04:44 AM

    Hello

    check this link too on parallel ledger approach in the new gl concept.

    http://help.sap.com/erp2005_ehp_02/helpdata/en/76/bec0c84a204be78b981e1c04343862/frameset.htm

    reg

    *assign points if useful

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 06:53 AM

    Hi,

    Enter FB50L to enter a G/L doc. You'll see a field Ledger Grp (ACGL_HEAD-LDGRP). Now you choose either of your ledgers to specifically post to it. If you don't, you automatically post to all (assigned to the company code) of them.

    There is no customizing for any doc types necessary.

    RR

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    • Former Member

      Hi Rolf,

      Thanks a lot to you. Your posts have been really really helpful.

      I greatly appreciate your help. I honestly do.

      Thanks a lot again. Hope to interact with you again. If I can be of any help to you in future I will be very happy to do so.

      Great Day,

      Regards,

      Debojit Dey

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