Reg:New GL Concept

[Former Member]

Hi Gurus,

What is the Difference Between Leading Ledger and Non-Leading Ledger conecpt in New Gl concept.

regards

JK

[Former Member]

Hi

Leading Ledger & Non Leading Ledger the difference can be summarized as

1. Different Fiscal year can be mapped ( Suppose you need a reporting in two Fiscal year like Jan-Dec & Apr-Mar, we can have on leading ledger (Jan-Dec) & on NonLeading ledger (Apr-Mar). It means when I am posting in Dec-07 on Leading ledger the period will be 12 (Jan-Dec) & in Nonleading ledger the period would be 9 (Apr-Mar). So that We can take Balance sheet for two seperate fiscal year Jan-Dec & APr-Mar.

2. Apart from above we can have different currency also.

In short prallel ledger (non leading ledger) had replace Special Purpose Ledger.

Thanks

Colin Thomas