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Former Member

Special Purpose Ledger & Special General Ledger

Hi Experts

Is there any difference between Special Purpose Ledger & Special General Ledger. If so please give me some real time examples.

Points will be rewarded.

Sincerely,

Ali Abidi

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 16, 2008 at 01:04 AM

    Dear Ali Abidi:

    The Special General Ledger is making refence to special accounts like "Down Payment" used to issued operations that could not be posted to the "normal" general ledger accounts. And in the other side, the Special Purpose Ledger is a Ledger different from the usual ledger used in FI. The special purpose ledger is into R/3 but I think that the main difference is that the first is an account and the second is a ledger used for special purposes. I have not got a reference of time but we can think that the Special General Ledger is an special account used at any time and the Special Purpose Ledger is a separate ledger used when it is required. The difference I think is not in "time" but in the "substance".

    I hope being clear for you. If you needed a time reference I could try find it.

    Your Sincerely

    Leonardo Lopez

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    • Former Member

      Hi

      Special purpose ledger - is a additional book maintained apart from the regular book.

      For eg - ur company is maintaining books from JAN to DEC, but your coutries law says your book should be maintained from APR to MAR

      Special GL indicator - you use this for advances / down payments, this account will be assigned with your reconcilation account

      Warm Regards

      Bala

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