New GL - Ledgers
New GL - Ledgers
New GL - Ledgers
T Codes
a. Profit center accounting is not necessary to activate to use profit center as it has been part
of FI.
b. Dummy profit center is no longer mandatory.
c. Reconciliation ledger is no longer valid it replaced real time integration variant to CO to FI.
d. Special purpose ledger is also no longer valid it is replaced with parallel ledger accounting.
Note :- When you activate (new) GL accounting and if you post any transactions system will update
the values not only in (New) G/L tables. But also update the vales in classic G/L account table (GLT0).
In case if you don’t want to the system to update the values classic ledger tables.
You can deactivate the updation the classic ledger tables. After comparing ledger and table and
ensure the values are matched properly.
SPRO:- FA (New)-> FAG settings (New) -> tools -> compare ledger T Code – GCAC
SPRO:- FA (New)-> FAG settings (New) -> tools -> compare ledger T Code – GCAC
Note :- once new G/L accounting is activated amount be reversal back changes.
What is ledger
1. Leading ledger
2. Non leading ledger
Ans : leading ledger is used for consolidation reporting purpose, where we follows some accounting
principles.
Note:
Ans: Non leading ledgers are nothing but additional (or) parallel ledger to the leading ledger.
The non leading ledger are used for local accounting principles.
Step-1
Save. It
Note: once the ledger is created it will be created as a ledger group with a same key.
Step-2:
Ans: 3 currencies apart from our local currency and we can maintain 2 parallel currencies.
It can be a group currency, hand currency, global company currency, index based currency.
Co code - sap
City type – 10
Valuation – 0
Exchange rate type – M
Date type- 3
Currency types:
10 – co code currency
30 – group currency
40 – hard currency
in which currency the co code is created is a company code currency / local currency.
The company code currency key is executed from the co code creation.
In which currency the controlling area created is a controlling area currency which is executed from
controlling area creation screen.
T code OKKP
30 – group currency
Group currency is used for consolidation reporting purpose. The group currency key is defined at
client level T code SCC4
40 – hard currency
Hard currency is used as country specific second currency for high inflation purpose. Hard currency is
define in country level t code -OY01
It is country based ficititions based currency, which is stimulated for external reporting purpose.
Which is define at company level. Not company code level T code OY01 (OR) ox15
Step- 3 Define and activate non leading ledgers
Save it.
Objective:-
In this activity we specify the scenarios which determines what fields in the ledger are to be updated
when it is requires posting from other application component.
What is ledger?
Ledger group is nothing but contribution of ledgers for the purpose of applying the same functions
and the process of general ledger accounting to the group as a whole.
When we part the transactions of the data will be updated with all the ledgers assigned in the group.
Note:- when the ledger is created the system automatically generates a ledger group with a same
name in this way we can post the data to individual ledger (or) access it when using functions, where
you only enter ledger groups not ledgers.
Note:- when the posting period of representative ledger is open the postings will be made to all
other assigned ledgers hoe ever their postings periods are closed.
Step- 7 define document types for general ledger
Spro FA(New) FAG settings (new) document document types define document types
for general ledger view.
Note:- in this activity we defined document type for non leading ledges.
Ledger –1L
SA SA
Save.
Click intervals !
Save it.