Business ByDesign Financial Consolidation - Parallel Ledgers

[former_member546282]

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

[thomas_meder · Accepted solution]

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