how many ledger groups to create with 4 ledgers?

[Former Member]

Hello

We are using new GL in ECC 6.0. If I have 4 ledgers/accounting principles say A,B,C,D. How many ledger groups do I need to set up to allow business to select the right number of ledgers to post to?

4 ledger groups with only 1 ledger assigned: A, B, C, D

3 ledger groups with only 3 ledgers assigned: ABC, BCD, ACD

6 ledger groups with 2 ledgers assigned: AB, BC, CD, AD, AC, BD

1 ledger group with 4 ledgers assigned: ABCD

In total 14 ledger groups?

regards

Arjan

[Former Member · Accepted solution]

Hi Arjan,

I strongly feel it should be 4 with A, B, C & D unless you have any specific requirement to group them.

Just as a question, do you have specific business requirement to group each of them?

Thanks and regards,

Madhu

[Former Member · Accepted solution]

Ledger / accounting principle B,C,D are all based on IAS where there are some differences in accouting standard/principles based on requirements from the relevant investor (3 investors).

[Former Member · Accepted solution]

Hi Arjan,

Assuming that A has common accounting standard and others (B,C,D) having IAS, you should go for 2.

Thanks

Madhu