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Reply from Nikki Klein on Dec 6 at 1:43 PM Hi,
The function of Leading and Non-Leading Ledgers in the New GL is mainly to replace the Special Purpose Ledger functionality.
The Leading ledger is where you record your GAAP-compliant postings for the majority of your business transactions. A Non-Leading Ledger is needed only if you also need to record transactions for a specific other GAAP requirement. An example would be where most of your business must be US GAAP compliant, but you are also running a German or Malaysian company code where you are required by their laws to produce a different set of financial statements that comply instead with their local GAAP requirements. You would create a Non-Leading Ledger for the German / Malaysian company codes.
Nikki
| | | ---------------Original Message---------------
From: Nagarjuna Reddy
Sent: Thursday, December 05, 2013 1:36 PM
Subject: Different Types of Ledgers in SAP
Hi all,
I have a Query in SAP. What is the Ledger and the Different types of
Ledgers in SAP.
I know they are two Leading ledger and non Leading ledger. But I want to
know exactly what is Leading Ledger and Non Leading Ledger with example
for simple understanding.
Please, can anyone explain to me in simple understanding terms?
Thanks,
Reddy |
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