Procedure documentationMaking Settings for Ledgers

 

In General Ledger Accounting, you can use multiple parallel ledgers. You do this to produce financial statements according to different accounting principles, for example. You create a ledger for each of the general ledgers you need. You must check the settings of your leading ledger even if you do not use parallel ledgers.

Procedure

You make the settings listed below in Customizing for Financial Accounting (new) under Start of the navigation path Financial Accounting Global Settings (New) Next navigation step Ledgers Next navigation step Ledgers End of the navigation path.

  1. Define Ledgers for General Ledger Accounting

    Define your ledgers and designate one ledger as leading ledger (see also Ledgers).

    Note Note

    When you create a ledger, the system automatically creates a ledger group with the same name.

    End of the note.

  2. Define currencies of leading ledger

    You can define a second and third parallel currency for your leading ledger for each company code.

    Note Note

    For more information, see Parallel Currencies in Parallel Ledgers.

    End of the note.

The following settings are optional:

  1. Define non-leading ledgers

    If you use parallel ledgers, define your non-leading ledgers. If necessary, create alternative additional currencies or an alternative fiscal year variant.

  2. Define extension ledgers

  3. Activate Cost of Sales Accounting

    Activate cost of sales accounting for your company codes if required. This means that when you post to these company codes, the functional areas are derived and updated. For information about the prerequisites for cost of sales accounting, see the documentation for this IMG activity.

  4. Define Ledger Group

    You can combine any number of ledgers in a ledger group. In this way, you simplify the tasks in the individual functions of General Ledger Accounting. However, keep in mind that you can only add standard ledgers to ledger groups, and you can only post extension ledgers individually.

    Note Note

    For more information, see Ledger Groups.

    End of the note.

Result

You have made all of the settings required for your ledgers.