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Reg:New GL Concept

Posted on Dec 05, 2007 at 07:10 AM 10 Views

Hi Gurus,

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

regards

JK

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 05, 2007 at 07:17 AM
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    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

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