Difference between Leading ledger and Non- leading ledger
New General Ledger has all functions of the Classic General Ledger but has been enhanced with special ledger functions to create greater flexibility.
- In New G/L, there is one leading ledger for each client that is valid for all company codes
- You can define only one ledger as the leading ledger – SAP provides the leading ledger “0L”
- The leading ledger is integrated with all subsidiary ledgers
- Only the values from the leading ledger are sent to CO
- The leading area in Asset Accounting (depreciation area 01) must be posted to the leading ledger
- Leading ledger uses the (additional) local currencies assigned to the company code
- Leading ledger uses the GL Total Table: FAGLFLEXT
In each company code, the settings made for the following parameters are automatically applied to the leading ledger:
- Fiscal Year Variant
- Posting Period Variant
The non-leading ledgers are used as parallel ledger together with the leading ledger. This can be used to apply different accounting standards, such as IAS/IFRS or US-GAAP.
- Non-leading ledgers are activated by company code
- You can define additional currencies that deviate from those used by the leading ledger.
- The currency of the leading ledger is always used as the first currency.
- As a second and third currency of a non-leading ledger, you may only use currency types that you have already assigned to the relevant company code for the leading ledger
- You can define a fiscal year variant that differs from the leading ledger. If you don’t specify a FYV, the FYV of the company code is automatically used.
- You can also define a posting period variant that differs from the leading ledger
- Separate document types and number ranges can be defined for non-leading ledgers by users, to ensure continuity in ledger numbering