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Ledger concept in SAP-FICO

Hi

How many ledgers are there in SAP - FICO. How to view them?

Regards

Odaiah Pelley

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    Former Member
    Oct 11, 2007 at 03:09 PM

    Dear Odaiah Pelley,

    Here the infirmation about Ledgers of FICO and also settings of ledgers.

    In General Ledger Accounting , you can use several Ledgers in parallel. This allows you to produce financial statements according to different accounting principles. A ledger uses several dimensions from the totals table it is based upon. When defining Ledgers , one must be defined as the Leading Ledger . The Leading Ledger is based on the same accounting principles as that of the consolidated financial statements. It is integrated with all subsidiary ledgers and is updated in all company codes. This means that it is automatically assigned to all company codes. In each company code, the Leading Ledger receives exactly the same settings that apply to that company code : the currencies, the fiscal year variant and posting period variant .

    You must designate one of your ledgers as the Leading Ledger. It is not possible to designate more than one ledger as the leading ledger.

    The menu path is :

    SAP Customizing IMG -

    -


    Financial Accounting ( New ) -

    -


    Financial Accounting Basic Settings (New) -

    -


    Ledgers -

    -


    Ledger -

    -


    Define Ledgers for General Ledger Accounting

    Clicking on the checkbox identifies one of your ledgers as the Leading Ledger.

    Activation of Non Leading Ledgers

    Non Leading Ledgers are parallel ledgers to the Leading Ledger . They can be based on local accounting principle, for example. You have to activate a non- Leading Ledger for individual company codes. Non- Leading Ledgers can have different fiscal year variants and posting period variants per company code to the Leading Ledger of this company code.

    The menu path is :

    SAP Customizing IMG -

    -


    Financial Accounting ( New ) -

    -


    Financial Accounting Basic Settings (New) -

    -


    Ledgers -

    -


    Ledger -

    -


    Define and Activate Non –Leading Ledgers

    In New G/L which is part of ECC5.0 and ECC6.0 you will find the concept of Leading & Non Leading Ledger. Assume you are creating two company code one in India and other one in USA.

    Following data is given below to support the discussions about Leading Ledger and Non Lading Ledger. The XYZ Co is head quartered at Delhi and its branch is there in USA.

    Indian Co. :XYZ,India

    Currency: INR

    FY: Apr to March

    USA Company:XYZ,USA

    Currency: USD

    FY: Jan to Dec

    Requirement: 1.Your client require a consolidation of accounts in INR for XYZ group.

    2. The Us company i.e. XYZ ,USA require to file the accounts with the legal authority which is required to be prepared for a period Jan to Dec with currency as USD.

    Your 1st requirement will be fulfilled by Leading ledger which is a standard ledger defined by SAP at client level and applicable to all the company code under that client.

    Your 2nd requirement will be complied by using Non leading ledger which you can define at company code level with alternate FY variant like in this case Jan to Dec.

    Some Additional properties about Leading and Non Leading Ledger are given below.

     SAP provides Leading Ledger 0L and it is supported by standard table FAGLFLEXT which comes with the standard version of SAP ECC 5.0 and ECC 6.0

     Leading Ledger Manages addl. Currencies.

     FY variant & posting period variant assigned to Co Code is used by Leading ledger.

     Leading ledger is only one . Data in leading ledger only flows to Controlling

     In addition to Leading Ledger we can define Non Leading ledger. Non Leading Ledger can be assigned alternate currencies/Fiscal Year variant which differs from Leading Ledger.

    Making Settings for Ledgers

    Use

    In General Ledger Accounting, you can use several parallel general ledgers. You do this to produce financial statements according to different accounting principles, for example. You create a ledger for each of the general ledgers you need. You must check the settings of your leading ledger even if you do not use parallel ledgers.

    Procedure

    You make the settings listed below in Customizing for Financial Accounting (new) under Financial Accounting Global Settings (New) ® Ledgers ® Ledgers.

    ...

    1. Define Ledgers for General Ledger Accounting

    Define your ledgers and designate one ledger as leading ledger (see also Ledgers).

    When you create a ledger, the system automatically creates a ledger group with the same name.

    2. Define Currencies of Leading Ledger

    If necessary, define a second and third parallel currency for your leading ledger for each company code.

    For more information, see Managing Parallel Currencies in Parallel Ledgers.

    The following settings are optional:

    3. Define and Activate Non-Leading Ledgers

    If you use parallel ledgers, define your non-leading ledgers. If necessary, create alternative additional currencies or an alternative fiscal year variant.

    4. Assign Scenarios and Customer Fields to Ledgers

    Here you can assign the following to your ledgers:

    ¡ Scenarios

    ¡ Customer Fields

    ¡ Versions

    In versions, you define general settings for the ledger that are fiscal year-dependent. You specify whether actual data is recorded, whether manual planning is allowed, and whether planning integration with Controlling is activated.

    5. Activate Cost of Sales Accounting

    Activate cost of sales accounting for your company codes if required. If you do this, the functional area is derived and updated for postings in these company codes. For information about the prerequisites for cost of sales accounting, see the documentation for this IMG activity.

    6. Define Ledger Group

    You can combine any number of ledgers in a ledger group. In this way, you simplify the tasks in the individual functions of General Ledger Accounting.

    For more information, see Ledger Groups.

    Result

    You have made all of the settings required for your ledgers.

    For parallel accounting, you can now assign an accounting principle to your ledgers.

    Hope this helps you

    Prem.

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    Former Member
    Oct 11, 2007 at 02:37 PM

    Hi

    Ledgers are classified as Leading ledgers and non-leading ledgers. You will have only one leading ledger and depending upon the requirement u can create as many non leading ledgers as possible and there is ni limitations on this. Primarily posting will hit both leading and non-leading ledgers. You can also direct your posting to any one of the ledgers as per your GAAP related postings. This is configured in FI GL. This has combined some of the functionalities available in Special purpose ledgers if not all. To understand more about ledgers kindly read the following link

    http://help.sap.com/erp2005_ehp_02/helpdata/en/2d/830e405c538f5ce10000000a155106/frameset.htm

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    Former Member
    Oct 24, 2007 at 12:29 AM

    Prem has given excellent answer

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    Former Member
    Oct 11, 2007 at 02:41 PM

    hello Odaiah,

    Configuring New General Ledger Accounting Locate the document in its SAP Library structure

    Purpose

    Before you can start working with the functions of New General Ledger Accounting, you have to activate them and make the general settings for Accounting. Furthermore, you have to configure the ledgers you use in General Ledger Accounting. On the basis of this data, you set up the integration with Controlling (CO) and, where applicable, your parallel accounting.

    Process Flow

    1. Activate New General Ledger Accounting. For information on this, see Activating General Ledger Accounting.

    2. Make the general settings for the fiscal year, the posting periods, and the currencies.

    You find the settings for the fiscal year and posting periods in Customizing for Financial Accounting (New) under Financial Accounting Global Settings (New) ® Ledgers ® Fiscal Year and Posting Periods.

    3. Configure your ledgers.

    4. Define the integration with Controlling.

    5. Where applicable, set up parallel accounting.

    Plesae click on the below link for more infoo..

    http://help.sap.com/erp2005_ehp_02/helpdata/en/2d/830e405c538f5ce10000000a155106/frameset.htm

    Ranjit

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    Former Member
    Oct 11, 2007 at 03:38 PM

    hi

    adding to siva kumar

    you can see the ledger in the following path

    SPRO -> img -> financial accounting -> Financial accounting global settings -> Legers --> ledger -> Define ledger

    If you want to see the consolidation ledgers use the Tcode CXL2.

    Radha

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