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Business ByDesign Financial Consolidation - Parallel Ledgers

Dear Experts,

I am assuming I have more than one financial reporting entity. Can I apply financial consolidation using SAP Business ByDesign? For example in S/4HANA FI, there are parallel ledgers made for that purpose. Isn't the same possible with SAP Business ByDesign? For example, can I have certain ledger for the group reporting at SAP Business ByDesign?

Thank you very much for your help.

Best Regards,

Amr

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1 Answer

  • Best Answer
    Dec 07, 2017 at 06:28 PM

    Hello,

    in case you want parallel accounting, refer to the concept of set of books. It is comparable to parallel ledgers, but comprising more than just one ledger - allowing to have parallel valuations for stocks, foreign currency remeasurement, revenue recognition, fixed assets, company currency and so on.

    Important - start with the set of books you need (e.g. local GAAP plus IFRS for conslidation) from beginning, adding a second set of book later is not possible so far.

    Best regards,

    Thomas

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