Can anyone explain about leading ledger and non leading ledger. What is
the major function and purpose of these ledgers?
Thanking you in advance
Please go through the following
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.
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.
As you said below Non-leading ledgers can be assigned additional currencies, Can you pls let me know where they can be assigned?
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.
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