cancel
Showing results for 
Search instead for 
Did you mean: 

Ledger & Non-Leading Ledger

Former Member
0 Kudos

Can somebody elloborate on Leading Ledger & Non-Leading Ledger.

Regards

Rajesh

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
0 Kudos

Just to add to what Hari said, you can have only one leading ledger.

Follow this link for some useful info:

http://www.sap-press.de/katalog/buecher/titel/gp/titelID-1335?GalileoSession=94330971A3VcIh1erBY

Scroll down to find " New General Ledger in SAP ERP Financials (PDF) (2.57 MB)"

Assign points if info helps

Vj

Former Member
0 Kudos

Hi

I have a scenario in which we need to now have a new non leading ledger. The system in SAP is already live. We need a ledger with a fiscal year variant of calender year and 3 special periods say, K3 in the system. The purpose is to get the GL Balances reports across two different fiscal years.

What is the procedure to do it in a live system? What could be the issues arising out of activiating another ledger in a live enviornment

Rahul

jaybanda2
Active Participant
0 Kudos

Leading Ledger

The leading ledger is based on the same accounting principle as that of the consolidated financial statement. It is integrated with all subsidiary ledgers and is updated in all company codes. You must designate one ledger as the leading ledger.

In each company code, the leading ledger automatically receives the settings that apply to that company code: the currencies, the fiscal year variant, and the variant of the posting periods.

Non-Leading Ledger

The non-leading ledgers are parallel ledgers to the leading ledger. They can be based for example on local accounting principles. You must activate a non-leading ledger by company code.

i.e. lets say for Co –Code 1100 we have defined L as the leading Ledger and LL as the Non Leading Ledger.

Former Member
0 Kudos

This is in addition to what is posted above:

Different fiscal year:

If you have a requirement for reporting to a different fiscal year then you can assign a different fiscal year variant here.

Different currency:

If you have a reporting in different currency you can assign the currency to the non leading ledger.

You can make separate postings to non leading ledger.

You can also perform the currency valuation and effect the postings separately to the non leading ledger.

Former Member
0 Kudos

Hi

Say we have 10 company codes in different countries,

The main company codes is at US and all the other are its branches or the subsidiary companies.

Now the US comapny has to report for wants to have the reports for the subsidiary companies also.

In this case take company code 2 we create a ledger for the US and a ledger for comapny code 2 also,so the US comapny which will be the leading ledger and the comapny code will have the non leading ledger.

So when ever you post a transaction in comapny code 2 it will post to the two ledgers leading and non-leading.

By which the reports can be drawn for both the ledgers, all the other 8 company codes will have the US company as leading ledgers assigned to it.

Hope it helps

Good Luck

Hari