Parallel ledgers in ECC 6.0

[dwarakanath_n]

Dear Friends,

We are in ECC 6.0 version and wants to configure Parallel ledger in ECC 6.0 for our client which comes under new GL accounting concept. Before configuring we need to give demo to our client including some sample entries in SAP.

I know the basic difference between parallel accounting in 4.7 with parallel ledgers in ECC 6.0 and the definition for leading and non-leading ledgers.

I only need to know the configuration part as well as front end entry and what are all the concepts involved in parallel ledgers like foreign currency valuation, asset accounting, inventory valuation etc., If you are having knowledge/worked in parallel ledgers, could you please share your knowledge so that it would be helpful for me as well as for others.

Thanks in advance for your help.

Regards,

Dwarak.

[Former Member]

hi,

ECC 6.0 New GL Functionality

1.Activate the New General Ledger Accounting by a single click on the clock icon

2.You will reach to change view "activation of New GL A/cg" detail screen and tick the checkbox and save.

3. After activation of New General Ledger Accounting, you exit the IMG screen When you re-enter , you find that a new node is added Financial Accounting (New)

4.After activation of New General Ledger Accounting , a new sub node appears in the IMG structure.

This sub node is Define Segment

The menu path is:

SAP Customizing IMG ---> Enterprise Structure -

---

> Definition --> Financial Accounting --> Define Segment

In this IMG activity, you define your segments.

If you then define your profit centers, you can enter an associated segment in the master record of a profit center. The segment is then derived from the assigned profit center during posting.

5.Activation has created a new field in Profit Center Master Record : the SEGMENT

6.Leading and Non- Leading Ledgers

In General Ledger Accounting , you can use several Ledgers in parallel. This allows you to produce financial statements according to different accounting principles. A ledger uses several dimensions from the totals table it is based upon. When defining Ledgers , one must be defined as the Leading Ledger . The Leading Ledger is based on the same accounting principles as that of the consolidated financial statements. It is integrated with all subsidiary ledgers and is updated in all company codes. This means that it is automatically assigned to all company codes. In each company code, the Leading Ledger receives exactly the same settings that apply to that company code : the currencies, the fiscal year variant and posting period variant .

You must designate one of your ledgers as the Leading Ledger. It is not possible to designate more than one ledger as the leading ledger.

The menu path is :

SAP Customizing IMG -

---

> Financial Accounting ( New ) -

---

> Financial Accounting Basic Settings (New) -

---

> Ledgers -

---

> Ledger -

---

> Define Ledgers for General Ledger Accounting

Clicking on the checkbox identifies one of your ledgers as the Leading Ledger.

7. Activation of Non Leading Ledgers

Non Leading Ledgers are parallel ledgers to the Leading Ledger . They can be based on local accounting principle, for example. You have to activate a non- Leading Ledger for individual company codes. Non- Leading Ledgers can have different fiscal year variants and posting period variants per company code to the Leading Ledger of this company code.

The menu path is :

SAP Customizing IMG -

---

> Financial Accounting ( New ) -

---

> Financial Accounting Basic Settings (New) -

---

> Ledgers -

---

> Ledger -

---

> Define and Activate Non --Leading Ledgers

Rohit