Register Login

Home What is SAP FICO?SAP FICO Training Tutorials for Beginners SAP FICO Define Account Group SAP FICO Reverse Clearing Document Foreign Currency Valuation Configuration SAP FICO User Exit for Vendor Master FICO Vendor Account Group Table SAP FICO Withholding Tax SAP FICO Dunning Area SAP FICO Cash Management Group Assessment Cycle vs Profit Center SAP FICO Asset Accounting SAP FICO Posting Key for Bank SAP FICO Document Type SAP FICO Document Number Ranges SAP FICO Parked Workflow Configuration SAP FICO Classic GL vs New GL SAP FICO GL Account for Cash Journal SAP FICO Accounts Receivable Process Cycle SAP FICO Accounts Receivable Configuration GR/IR Accounting Entries and Journal Entries SAP FICO Chart of Accounts SAP FICO Transaction Codes SAP AS11 Create Asset Sub-Number SAP Business Area and Profit Center SAP Inconsistent Withholding Tax Info SAP Active vs Passive Document Splitting Reverse MIRO Document in SAP SAP FICO Scope and Opportunity FICO Certification Cost in India SAP FICO Interview Questions SAP FICO Tree Menu

Difference Between Leading and Non Leading Ledger

Updated May 21, 2018

Dear Gurus

Can anyone explain about leading ledger and non leading ledger. What is
the major function and purpose of these ledgers?

Thanking you in advance

Comments

20 Jan 2014 11:53 am rekha Best Answer

Please go through the following

Leading Ledger:
1.SAP provides the leading ledger OL.It is the base ledger which updates the cost center.
2.The table is FAGLFLEXT.Only one ledger can be defined as the leading ledger.
3.Leading ledger gets many of its control parameters from the company code.
4.It uses the local currency assigned to the company code and is the first currency
5.It also uses the fiscal yr.variant and posting period variant assigned to the company code.
6.The leading ledger is integrated with all the subsidiary ledgers.
7.Only the values from the leading ledger are sent to CO.
8.The leading area in Asset Accounting (depreciation area 01) must be posted to the leading ledger.

Non-leading ledgers
1.Non-leading ledgers can be assigned additional currencies and fiscal year variants that differ from those used by the leading ledger.If you don't specify a Fiscal Year Variant, the Fiscal Year Variant of the company code is automatically used.
2.The posting period variant can also be different from the leading ledger.

Correct me if I am wrong.

14 Jul 2014 6:16 am Shalesh Singh Visen Best Answer

As per Rekha Scenario...

In our country we are following fiscal year variant v3 that is April to March. For this we can use leading ledger and another country like exp US transactions made by our company which required non leading ledger which is manually created by us.

20 Jan 2014 11:53 am Guest Helpful Answer

As you said below Non-leading ledgers can be assigned additional currencies, Can you pls let me know where they can be assigned?

20 Jan 2014 11:54 am Jyoti Pandey Helpful Answer

I created 2 Non Leading Ledgers (02 - Jan-Dec for USD; 03 - Jul-Jun for EUR).
In OB22, we have 3 local currencies. As first one would take the Company Code Currency, Do I have to assign USD,EUR in 2&3 Local currencies?
I would like to see the documents in USD for 02 Non Leading Ledger;
EUR for 03 Non Leading Ledger.

14 Jul 2014 6:08 am rekha Helpful Answer

If We are running our business in different countries we need to submit financal reports as per thier countries requirement.,for this we need to create non leading ledgers for each country. then we will assign non leading ledgers to leading ledgers. what ever the transactions hit to the non leading ledgers it will automatically flows to the leading ledgers.

Recommended Posts:

×