This SAP FICO tutorial explains to SAP users the step-by-step process to define a new Group Ledger in the SAP system with proper screenshots at every step.
What is Group Ledger in SAP?
A ledger group is a group of various standard ledgers that are used for applying the functions and processes of General Ledger Accounting to the group as a whole.
How to Define Group Ledger in SAP?
Please follow the steps below to define the extension ledger in your SAP system:
Enter t-code SPRO in the SAP command field and press Enter to execute the transaction code.
On the next screen click the SAP Reference IMG button to proceed to the next steps.
Now navigate to the following SAP IMG path:
SPRO > SAP Reference IMG > Financial Accounting > Financial Accounting Global Settings > Ledgers > Ledger > Define Ledgers Groups
Next on the Change View "Ledger Group": Overview screen you will see a list of previously defined Ledger Group on your SAP system.
Next, click the New Entries button to define configurations for the new Ledger Group.
Next, enter the specify the following fields for the new extension ledger:
- Ledger Grp: Specify unique characters for the new ledger group
- Description: Enter the description of the new ledger group
Once all the details have been entered click the Save button to save the new configuration.
Now select your Customization Request id and press Enter to go to the next screen.
Next, the message Data was saved will be displayed on the bottom of your screen
You have successfully defined a new Ledger Group on your SAP system.