FERC or New GL Parallel ledger?

Hi Gurus,
I'm on a ECC6.0 new implementation in a utility company, I haven't worked on FERC before so my question is can we use new GL parallel ledger instead of FERC but still be able to meet the regulatory reporting requirement?
And which approach would you recommend, FERC or parallel ledger? And do they both still need BCS afterwards?
any help is appreciated.

Hi:
I can give you some pointers. I worked on FERC implementation for one of our oil & gascustomer. We did not implement SAP FERC module. However we built a paraller ledger (based on special purpose ledger) for FERC reporting. This parallel ledger was a roll-up ledger with periodic transfers. For FERC codes, we used the JIB/JIBE codes of JV accounting and these codes were derived using user exit at the Field movement level. And the reporting was using report painter on top of this new ledger.
That was special purpose ledger in 4.7. Similar to that you can design non leading ledger in NEW GL to have parallel FERC reporting.
Hope it gives some idea.
Thanks.
Rahul

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New GL & Parallel ledger accounting basic steps

Hello SAP Gurus.
Can any body explain me details of New gl & parallel ledger accounting? also
Can any body guide me of New general ledger and parallel ledger accounting basic configuration step by step?
Reply will be appreciatied with points.
Thanks & regards
Amar

Hi Amar,
Go through the following steps, it should be helpful for New G/L Accounting
1 Define Currencies for Leading Ledger:
Financial Accounting (New)>**** (New)>Ledgers>Ledger>Define
currencies of the leading ledger
2.Define Ledger for General Ledger Accounting
F/A (New) > ****/ (New) > Ledgers >Ledger > Define Ledgers for
General Ledger Accounting
3.Assigning Scenarios to Ledger
Financial Accounting (New)>****(New)>Ledgers>Ledger>Assign
scenarios & Customer fields to ledger
4.Defining Segment
Enterprise Structure>Definition>Financial Accounting >Define segment
5.Activate Document Splitting :
FA(N)>GLA(N)Business Transactions> Doc.Splitting >Activate Doc
Splitting Spl Note: Always see that the tick is on inheritance
6.Classify G/L Accts for Document Splitting :
Financial Accounting (New)>General Ledger Accounting (New)>Business Transactions>Document splitting> Classify G/L Accts for Document Splitting
7.Classify Document Types For Document Splitting :
Financial Accounting (New)>General Ledger Accounting (New)>Business Transactions>Document Splitting> Classify Documents Types for Document Splitting
Define Zero Balancing Clearing Account: Financial Accounting (New)>General Ledger Accounting (New)>Business Transactions>Document splitting>Define Zero Balance Clearing Account
8.DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR GENERAL LEDGER ACCOUNTING:
Financial Accounting (New)>General Ledger Accounting (New)>Business Transactions>Document splitting>Define Doc Splitting Characteristic for General Ledger Accounting
Define Zero Balancing Clearing Account: Financial Accounting (New)>General Ledger Accounting (New)>Business Transactions>Document splitting>Define Zero Balance Clearing Account
10.DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR CONTROLLING.
Financial Accounting (New)>General Ledger Accounting (New)>Business Transactions>Document splitting>Define Doc Splitting Characteristic for Controlling
11.FI- Co Real Time Integration
Financial Accounting (New)>**** (New)>ledgers>real time integration of Controlling with financial Accounting>Define variants for Real time integration
12.Assign variants for Real Time Integration to Company Codes: Financial Accounting (New)>**** (New)>ledgers>real time integration of Controlling with financial Accounting>Assign variants for Real time integration to Co Codes
Hope this serves as helpful to you.
Thanks,
Prithwiraj.

New GL-Parallel Ledger

The client I work for uses SPL to address statutory reporting needs of multiple countries and through multiple user exits we handle filtering of some postings in to these ledgers and/or create additional statutory specific postings. Also, in SPL, it lets us handle filtering of some postings that originates in other modules like MM/SD/Asset accounting
But, with NGL/parallel ledger, any posting that post lead ledger gets posted to parallel ledger and there is no standard functionality for filtering the postings for parallel ledgers specially the ones from other modules like mm/sd/asset etc.
However, because statutory needs are different in each country, we need the flexibity.
Does anyone have idea how to handle this
Regards
Jyoti

As of my experience i know that if u post to the one specifice Ledger like Leading ledger it will update only to that ledger only.
Until unless u have the different ledgers in different ledger groups u can not post to the different ledgers at a time.
A posting can happen to the multiple ledgers which are grouped to the Ledger group.
This is the essence of the Parallel ledgers and Ledger Group concept.
Coming to your issue, You can categrize the different ledgers accordingly the need of the client and make sure the different ledger groups were selected properly when they are posting the entries.
By this way you can eliminate the entries in different ledgers or do filtering.
Hope it helps .... assign points if useful...

Parallel Ledger functionality in New GL

Can some one provide input on business process requirement that is solved by enabling Parallel ledger in New GL?
Thanks in advance.

The following situtaion can explain where we have used the parallel ledge
our company is located in United states and its fiscal year is from sep-aug but it has a branch in Mexico which fiscal year is jan-feb. we used the parallel ledger concept where in the parallel ledger for mexico we used another fiscal year that is jan-feb and in the leading ledger for the same company code we used sep-aug.
ASSIgn points if helpful

Parallel Ledger in "New Ledger"

Hi,
In the new ledger we have the facility of posting to a parallel ledger,by way of non-leading ledgers
We maintain this parallel ledger to meet a specific accounting principle,say,US GAAP,IFRS etc.
In IMG we define the "Accounting Principles" and assign them to the ledger groups.
Once done the system posts the documents to this particular non leading ledger.
My question is:
Every accounting standard has its own peculiar accounting treatment in terms of valuation etc.How does the system understand these priniciples and standards and treat them accordingly?
For example, i configure IFRS as a non leading ledger.
IFRS has its own peculiar set of accounting principles.
How does the system appreciate,understand these principles and treat them?
In other words i would like to know if the database of these "accounting principles"are defaulted in the system or Do we need to default them?
Pl.reply me specific to the question.I dont want any help on menu path,config.etc.I have already done this.
Thanks.
Regards.
Ramesh

Hello Ramaswamy,
The very precise answer to ur question is as following.
if the database of these "accounting principles"are defaulted in the system? No
Do we need to default them? Yes
In IMG when u define the accounting principles and assign it to ledger groups it is only the skelton u define where in additionally the database is required to be put specific to the defined accounting principles.
To give u an analogy I can sya that it similar to defining Financial statement version to some extent.
Hope this helps.
Rgds
Manish

Customisation Document for New Parallel Ledger

Hello,
Does anyone has the customisation document on New parallel ledger and Parallel ledger.
Thanks & Regards,
Harish

Hi,
what is the intention for having 1:1 document numbers in different Valuation Areas? Imagine, it is very likely, that you have different number of flows (e.g. having only FX-valuation in VA 001 but FX & Title-valuation in VA 002) which - as a consequence - results in a deviation of document-# in FI.
As you have a drilldown-possibility into FI in TPM13 & TPM20, in my eyes there is no real need (...and in praxis no real chance) to keep posting documents 1:1 across VAs.
Regards,
Lorenz

How to correct an acquisition posting in an parallel ledger

Hello,
I have the following situation:
We are using New GL concept and have setup one parallel ledger (16)
We have setup two depreciation areas, one pointing to the 0L, the other one to parallel ledger
During vendor posting of an asset the capitalisation is done in both ledgers posting to the capex balance sheet account (standard behavior). For reasons the customer wants to redraw the capitalisation but only in the parallel ledger, he wants to post it as costs ( P&L account)instead of the balance sheet account.
Whats the best approach here?
Many thanks

Hi You Need to define following settings:
Assign Depreciation Area to your Parallel Ledger i.e. Non Leading Ledger
SPRO>IMGFinancial Accounting (New)> Asset Accounting> Valuation>Depreciation Areas>Define Depreciation Areas
The GL Column will be 3 and Target Grp will be 16 in your case
Now Create a new Transaction Type which will be copy of your 101 and restrict this Transaction type for your Depreciation Area whihc is specific to your non leading ledger.
Now post ABSO and ASKBN
Please let me know if you face any issues.
Regards,
Vivek

Reval for New GL - local ledger (Z5)/Leading Ledger (OL)

I would like to find out if it is possible to restrict someone access to only running reval on the local ledger, but not on the leading ledger. The purpose is that we would like the local accountants to run reval on the local book (Z5), but we do not want the local accountants to be able to run reval on the leading ledger. Is this is possible? If so, how?

TRy this method.
firsr create Accounting priciple and assign to the ledger group.
1) Financial Accounting (New)-Ledgers-Parallel Accounting-Define Accounting Principles
2)Assign Accounting Principle to Ledger Groups
3)then in General Ledger Accounting (New)-Valuate-Define Valuation Methods, Define Valuation Areas, Check Assignment of Accounting Principle to Ledger Group (here assign the principle that you have created in the first step.
4)Assign Valuation Areas and Accounting Principles
This should solve your problem.
You need to creare accounting principles for local gaap and global gaap and do accrodingly.
reward if useful.
sarma

Parallel ledger - activation

Hello,
we have new General Ledger (ECC 5.0) for two years. During this year we decided to use paralel ledger for IAS / IFRS purposes from 1.1.2007 backwards.
We have activated the additional parallel ledger according to SAP documentation. Now we need the balances and open items for all accounts, but we can´t find the way. In customizing are the tools which ask for migration plan. The migration plan is possible to create only for data migration from classic GL into new GL. We tried to find some solution within OSS, but notes describe the problems which appear during data migration from classic to new GL.
I would like to ask you if it is possible to create parallel ledger during the year ? How we can fill new parallel ledger with balances of accounts from previous year and periods for year 2007?
Has anybody with this any experience or do you have any new documentation ?
thanks in advance
dana schlachtova

Paralle ledger activation in the middle of the year is very dangerous for the previously posted open items.
At the time of clearing system try to post the entries in the parallel ledgers. But parallel ledger not available in the previous postings.
It will result adverse results in most of the transactions.Please check and take necessary action

Amount diff between Leading leder & non leading ledger (Parallel ledger)

Hi SAP Guru's
Write now we are working on ECC 6.0 with new gl. We have configure parallel ledger accounting & document splitting also.
But when I am seeing balances in 0L & 1L (GL Bal), system showing differences.When i am found out this difference it comes in Zero balance account(for document splitting).
my question is why the system showing diff balances in 0l & 1l?
So, may I know what is reason behind this?
Can any plz help me out for above issues......
regards
Amar

No sir,
I have taken same fiscal yr variant.
My issue is solved............

Comparison parallel ledger app. with parallel account app. in terms of IFRS

Hİ ALL,
we would like to know what is the advantages of using parallel ledger approach for transition to IFRS in SAP instead of using parallel account approach?
thanks in advance

Hi,
Currently I am making a similar review - account based versus parallel ledger. The pro's of the of parallel ledger are the con's of account based and vice versa:
Parallel ledger - Pros
- G/L accounts: fewer G/L accounts required (so opportunity to reduce SCOA), same G/L accounts are shared across all ledgers - unified reporting
- Fiscal year variant: company codes with different fiscal year variants assigned to a separate ledger, facilitating consolidated reporting
- Posting period variant: postings to ledgers can be separately controlled by assigning a separate posting period variant for the ledger
- Carry forward: no need to maintain separate retained earnings accounts per accounting principle
- Currency valuations and translations: Automated postings updated to appropriate ledgers based on the assignment to relevant accounting principles
- Adjustment and value postings: Adjustment and value postings, such as reclassification are automatically posted to the appropriate ledgers
- Standard reports: standard reports are executed by ledger
Parallel ledger - Cons
- The data volume could increase as a result ofmaintaining parallel ledgers (see SAP note 820495 for tips on resolving the issue)
- Parallel ledger is a new concept at my customer so it requires a complete revamp of system configuation, with all the impact on processes and people, all old local reports (using special ledger) will become obsolete.
Hope this helps. By the way: we have chosen to move from account-based to parallel ledger despite the implementation effort.
Best regards,
Alexander Min

Parallel ledger

Hi,
1. How to configure parallel ledger.
I have maintained the steps in the paths..
FA - FA global setting new - Ledger
And
FA - FA global setting new - Parallel Accounting.
Group currency USD - Leading ledger
Local currency INR - Non leading ledger.
2. Where do we maintain the posting period variant for leading and non leading ledgers
3. How to select the ledger at document entry. I do not see any field in FB50/FB60/FB70 or F-02.
4. And finally how to view the GL balances for leading and non leading ledger. When I run the report S_PL0_86000030 I get the messgae no report is selected for both ledgers.
But when I post the entry is being converted to group currrency mentioned for leading ledger.
Your help will be much appreciated
Anil

1. How to configure parallel ledger.
I have maintained the steps in the paths..
FA - FA global setting new - Ledger
And
FA - FA global setting new - Parallel Accounting.
Group currency USD - Leading ledger
Local currency INR - Non leading ledger.
Ans:-F.AF.A.Global settingsledgers-ledger--define ledger for gl accounting
2. Where do we maintain the posting period variant for leading and non leading ledgers
Ans:-F.AF.A.Global settingsledgers---Fiscal year and posting periods
3. How to select the ledger at document entry. I do not see any field in FB50/FB60/FB70 or F-02.
Ans:-If you define ledgers, it'll be displayed in transactions.
4. And finally how to view the GL balances for leading and non leading ledger. When I run the report S_PL0_86000030 I get the messgae no report is selected for both ledgers.
Ans:- First define ledgers, consequently you'll get the data for the required ledger.
But when I post the entry is being converted to group currrency mentioned for leading ledger.

Parallel Ledger Depreciation area

Dear all,
I have 2 depreaciation areas one for local GAAP and other for IFRS . The amount to be capitalised will be differenent in each area in some circumtances.
In ECC 6.0 the parallel ledger book value area will take APC values from book value area 01.
I created a separate do type AP with external numbering, ut unable ti hit the parallel area with direct postings.
For ex; amount to be capitalised in area 01 is 10000 whereas it is 12000 in area 32 , parallel book value area.
Could anyone please suggest how to go about this?
Thanks,
vamsi

Hi Mamta,
Thanks for the reply. I have done all the necessary config settings like creation of parallel depn areas and a separate doc type for ledger entry view etc.
Now my question how do I post the additions / adjustments in book value only to Parallel ledger area.
For ex: area 01- book depn
area 30- parallel depn area
area 60 - delata for 30 and 01
create a new doc type called Zafor entry view
Intilly booked book value fo 1200 in all ledgers. But in area 60 i.e parallel ledger book value area I need to capitalise an additional amount of 200. How do I do this? what is the T.code , is it ASKb?
I need to post an amount to the asset only in parallel ledger. i we use FB01L system doesnt allow you to do subledger postings.
hope I am clear with my question.
Thanks,
Vamsi

SPL and Parallel Ledger

I am new to SAP. Could someone highlight the major differences between parallel ledger and special purpose ledger in terms of features and usability?

I don't understand. Special purpose ledger itself is a parallel ledger. Special purpose ledger was used earlier to ECC 5.0. ECC 5.0 onwards, if you activate new GL, you can have non-leading ledgers as parallel ledgers (similar to erstwhile special purpose ledger).
In the old SPL world, you had to do a lot of configuration yourself - like generating table structures, creating special purpose ledgers and assigning line item and totals tables to the ledgers, assigning activities and field movements to special purpose ledgers.
A lot of that configuration is automated in new GL; saves you a lot of work, believe me. New GL is old wine (SPL) in new bottle - the wine just tastes better!

Limitations of parallel ledger

Hi Gurus,
We are planning to upgrade from 4.6 to 6, need to check challenges and limitations involved in parallel ledger.
Regards,
Ram.

Dear,
considering the financial module there will not big impacts.
Some transactions will change names to attend the new tables and the main ledger will be '0L'.
Regards

FERC or New GL Parallel ledger?

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