Global implementation leading ledger Belgian legal requirement

We have a U.S. based implementation that is rolling out to Belgium, and we have the U.S. chart of accounts set as the leading ledger. The Belgian COA is a subsidiary ledger and is automatically updated. We have head that this might not comply with Belgian law, but we can only have one leading ledger, and we are planning on rolling out to other countries as well.
What is the typical solution.
Thanks

Using the country specific COA for reporting is sufficient.

Similar Messages

Non-Leading Ledger Currency

Hi All,
It's a US company in China, but functional currency is USD.
So customer would like set local currency as USD. but from China GAAP reporting, we also need financial reports in RMB.
Leading ledger: 0L: For US GAAP,
1st local currency: USD
2nd local currency: Group currency profit center valuation -USD
3rd local currency:Group currency legal valuation -USD
Non-leading ledger: Z1 :For China GAAP
1st local currency: USD (should be same as leading ledger as SAP required)
My question is, how I could get China GAAP RMB report from SAP directly?
2nd and 3rd local currency of Z1 should be selected from currency types defined in leading edger.
If the solution is not available from 2nd and 3rd currency, are there any possible solutions?
Thank you ~
Lynni

Thank you Sanil,
Your proposal is current configuration.
But now functional currency for China company is USD.
Since main business is settled in USD (According to US GAAP or China GAAP)
And it is allowed to set local currency in other currency rather than RMB.
So if local currency is USD, then it will be more accurate for FI postings.
But we also need RMB report to meet local statuary report requirement.
Hope I explained it more clear.
Thanks.
Lynni

Post vendor invoice to leading ledger

Dear all,
We have 2 ledgers, one is leading.
I want to post invoice to leading ledger by FB01L but this error occurred:
Postings to ledger 0L not permitted with account type K
Message no. FAGL_POST_SERVICE034
I checked Define doc type for general ledger view but hit this error:
Leading ledger does not require its own document number
Message no. FAGL_POST_SERVICE016
Please advise for how could I post transactions with vendors to leading ledger.
Thank you a lot.
Rgds,
Linh

HI,
Error message you encountered is FAGL_POST_SERVICE034.
The problem is caused by the GL account:
If the GL account to which the posting is made is open item managed,
then it is not possible (due to technical constraints) to post to
a single ledger or a ledger group only: The posting must be made
to all ledgers.
The alternatives to solve the problem are:
1) Change the IMG settings of the Real-Time Integration of Controlling
   with Financial Accounting so that the posting in FI is done
   not a group of ledgers, but to all ledgers in FI:
   Let the field 'Ledger Group (FI)' empty.
2) Do not use customer and vendor accounts as company code clearing
   accounts, but use ordinary GL accounts instead.
And Please go through the below points.
As by SAP standard, ledger 0L is always the leading ledger, so posting
to 0L results in posting to all ledgers. If you post a document to a
non-leading ledger or ledger-group not containing the leading ledger,
you could achieve via FB50L or FV50L.
Reg
Madhu M

Additional Non-Leading Ledger for IFRS implementation

Hi
My client wants to implement IFRS accounting wef 1 April. They already have couple of non-Leading Ledgers operational. Please confirm if the creation of a new non-Leading Ledger for IFRS would serve the purpose. Is it in anyway different from creation of other non-Leading Ledgers for US-GAAP, UK-GAAP ? Also, I would like to know what are all the points to be taken care of while implementing IFRS accounting standard.
Any documentation which would augment for the IFRS implementation in SAP will be of help.
Thank you
RK

Hi Ravi,
Iam not sure about your question but can you tell me what are the activities you carry out now for non-leading ledgers..Do you need to carry out month end closing for that non-leading ledger also???
Thanks,
sai.

Query regarding implementing non leading ledger

Hi friends,
I am suppose to implement the non leading ledger along with the leading ledger. Its fiscal year is from Jan - Dec. I have a query that is there any issues at the year change ( like any kind of adjustment at year end) and what are the things needed to be carried out at the beginning of the year.

Dear Mr.Anand,
Could you please clear the below points.
1. Are you using NewGL ?
2. Want to add the Non-Leading ledger ?
3. "I am suppose to implement the non leading ledger along with the leading ledger" means want to implement both ledgers
like Leading ledger and non leading ledger
4. You want to classic ledger to New ledger ?
If you are using classic ledger then you need to go for newgl migration.
IF you allready using the NewGL and want to add non leading leadger then useing the New GL migration scenarios 6, 7,8.
Please refer the below link.
http://wiki.sdn.sap.com/wiki/x/JghNCw
please revert back to me with more details.
Reg
Madhu

Is Citrix required for Global implementation with one server/instance?

Hi,
We are working on a global implementation of ECC ver 6.0 on a single server and I would like some insight on whether we need Citrix for that or SAP GUI would be good enough. Would I suffer any large latency and security issues if we dont use Citrix?
Thanks,
Sourav

> We are working on a global implementation of ECC ver 6.0 on a single server and I would like some insight on whether we need Citrix for that or SAP GUI would be good enough. Would I suffer any large latency and security issues if we dont use Citrix?
I'd say vice versa:
Citrix sends "full screens" over the network, if you have the local SAPGUI installations and just connect remotely you can run more users over the same line - with the price of maintaining the SAPGUI installations locally.
Markus

IFRS as a Leading ledger

Hi All
We want to implement for an Indian retail company having H.O in Italy.
THe client wants to use leading ledger as IFRS and non leading ledger for Indian GAAP.
For leading ledger we are planning to use fiscal year from Jan_ Dec and for Indian Apr_ Mar.
Leading ledger currency as Euro and non leading as INR.
My legal and local reporting is in India.
Can anybody help me in knowing the pros and cons for using Indian GAAPS as non leading ledger.
Thanks
Ajay Gupta.

Hi,
There is no clear answer for this question. Because the decisions vary by country, industry and customer situation(current GL version and customer plans on migrating to new GL).
If your configuration meets the below requirements......
Leading ledger to report IFRS and dereciation area 01 linked to leading ledger.
Non leading ledger report to local gaap(Indian GAAP) and deprecaition area 02 linked to Non leading ledger.
Merits:
Simple setup from the implementation date.
IFRS in place in LL and asset area 01 from implementation date.
No need for system landscape optimization(SLO)asset area conversion project.
No migration of data or manual adjustments within LL.
Controlling data will be recorded according to IFRS standards.
Cons....
IFRS skills sets and knowledge must be applied during initial configuration.
Initial IFRS configuration must be correct because it is very difficult to change settings after implementation date.
Regards,
Krishna Kishore

Non Leading Ledger Posting

Hi Guys,
Have client requirement in Non-Leading Ledger.
For MIS reportting purpose Non Leading Ledger using, dont impact on Leading only for MIS purpose post some Entryes. FB50L use for Non Leading Ledger Posting.
1. Normal Expenses booking every month - No issues
2. Provision book for Customer & Vendor every month dont impact on any logal Books - In this case is it possiable manual JV ?
I tested one scenario Normal Expenses booked in FB50L 2012 8 period Document Type is SA. If saw in FAGLFLEXT Table 2012 - 8 period no values it is coming only in 16 period only.
3. Will book any Manual JV Expenses book in FB50L Non leading ledger will show 16 period only ? or any setting is wrong.
4. Will book any Expenses in FB50 Leading automatically updating in Non Leading Ledger will see in FAGLFLEXT Table same value showing under 16 period only.
If i check in FAGLFLEXA Table is showing correctly 2012 - 8 Leading & Non-Leading (FB50L)
5. We are using 30 company codes in 30 Countryes. Currency Keys is 10, 40, 60- USD. 60 is common currency for all co.Codes. issue is i developed one report in Report painter Used FAGLFLEXT Table. 60 Global Company Currency is not updating.
Please provide the soluation on above points it is very urgent.
Thanks
Ramu

By default system will post to all ledgers that is leading and non leading ledgers for a posting. However you can make postings to non leading ledgers independent of leading ledgers using Fb50L which should not be open item managed.
Non leading ledger will contain all postings of leading ledgers + postings related to local reporting requirements.
There is no way that you can control this in my opinion using SAP standard functionalities.

Best Practice for legally required Chart of Account

Dear all,
our client has a global defined chart of account. Now they are going to implement the SAP template in France, Belgium and Russia. These countries have legally required chart of accounts. What is best practice to fullfill these requirements in SAP.
1) Do I use the alternative account number?
2) Isn't this field on the central level of the account master data record? How do I manage to realize the different number for Russia and for France at the same time?
Thank you very much for your help.
Best regards Timo

Hi,
the best way proofed by real life is to define new chart of accounts for the country specific accounts. Then to assign this chart of accounts as country chart of accounts in company code parameters.
Then you can use field alternative account number in company code segment of G/L accounts.
Just keep in mind that the assigment should be 1:1, i.e. one operative (global) account is assigned to one local account and one local account should be assigned to one operative account.
You can't change the alternative account number if there is balance on that account. You can just repost the balance to another account, then change alternative acccount number and then post the balance back. For some accounts its difficult to do such excercise so I use short ABAP which changes directly the field in table SKB1.
You can also define financial statement strucutre based on local chart of accounts - which is usually easier for maintennace, because you can use intervals. Just do not forget check "Alternantive accounts" in RFBILA00.
Regards,
Michal

New non-leading ledger creation

Hi,
The new non-leading ledger to be created as per the client's requirement. Can we create new non-leading ledger later on. The old data to be posted to new non-leading ledger.
Can someone throw light on this issue?
What can be done please suggest.
Thanks
Satya

Hi Satya,
Please go through the following notes
SAP Note 1227504 - Subsequent implementation of an additional ledger
SAP Note 1229202 - Subsequent implementation of an additional ledger
Please search forum well as this topic has been discussed many times.
Regards
Eugene

Legal requirements for showing specific ESS screens in local language

Hi All,
I would appreciate if you can let me know if there is any legal requirements for showing specific screens in local language? I would also like to know which countries and what SAP ESS screens.
Thanks In Advance
Sunny

Good luck with that. I have never seen any "list of all countries" before like you are wanting. This will typically be part of your requirements gathering and blueprinting tasks.
Just one question....what is your "global template" for implementation and what is your scope for localization? That will dictate much of your work.

Substitution to specific leading ledger

Dear Experts,
I have requested a substitution account, CeBe and Cost Center to a given leading ledger (GL) which will be configured in a Z table with a query criterion, We required for example in the GL 0L for count 1111 and we want to it is replaced with 2222 into 2L ledger group and For 0L leading ledger remains G/L account 1111.
In substitution for OBBH I have not found that level of substitution
Could help me find a solution for my requirement?
Regards.

Hi Reva,
Have You checked this
SPRO--Financial Accounting (New)Financial Accounting Global Settings (New)LedgersLedger--Define and Activate Non-Leading Ledgers
Here if you provide the non leading ledger, it will take you to a screen where you can define the currency for non leading ledger
In this IMG activity, you make the following settings for the non-leading ledgers for each company code:
1) You activate the non-leading ledgers in the company code.
2) You can define additional currencies beyond that of the leading ledger. The first currency of a non-leading ledger is always the currency of the leading ledger (and hence that of the company code). For the second and third currencies of a non-leading ledger, you can only use currency types that you have specified for the leading ledger.
3) You can define a fiscal year variant that differs from that of the leading ledger. If you do not enter a fiscal year variant, the fiscal year variant of the company code is used automatically.
4) You can specify a variant of the posting periods.
Hope this helps
Regards
Pratiksha

Funds management & leading Ledger

Hi,
I am working on ECC 6.0 and have define 0L as leading ledger. Now we want to go for funds management to cater to budgeting requirement.
On activation of funds management, for every transaction system ask to define the leading ledger which already has been defined. I activated funds management thru below path;
IMG -> Public Sector Management -> Funds Management Government -> Basic Settings -> Activate Global Funds Management Functions (PSM-FM).
Let me know the solution for the same.
Regards,
Ajay

Hi,
What is the exact message (with number) that you are getting? What is your SAP release (package)?
Check note 840783...
Regards,
Eli

What is leading ledger, nonleading ledger, document splitting

what is leading ledger, nonleading ledger, document splitting
Moderator: Please, read and respect the rules of SDN. Upon next violation, the user will be banned

Hi,
_ Parallel Accounting_
General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles.
_ Integration of Legal and Management Reporting_
In General Ledger Accounting, you can perform internal management reporting in parallel with legal reporting. For this purpose, the Profit Center Accounting functions are integrated with General Ledger Accounting. Furthermore, you can generate financial statements for any dimension (such as profit center).
Segment Reporting
General Ledger Accounting supports the segment reports required by the accounting principles IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles). For this purpose, General Ledger Accounting contains the Segment dimension.
_ Cost of Sales Accounting_
You can perform cost of sales accounting in General Ledger Accounting. For this purpose, General Ledger Accounting contains the Functional Area dimension.
Features
General Ledger Accounting comprises the following functions for entering and evaluating posting data:
- Choice between group level or company level
- Automatic and simultaneous posting of all subledger items in the appropriate general ledger accounts (reconciliation accounts)
- Simultaneous updating of the parallel general ledgers and of the cost accounting areas
- Real-time evaluation of and reporting on current posting data, in the form of account displays, financial statements with different balance sheet versions, and additional analyses.
In this way, General Ledger Accounting automatically serves as a complete record of all business transactions. It is the central and up-to-date component for reporting. Individual transactions can be checked at any time in real time by displaying the original documents, line items, and monthly debits and credits at various levels such as:
- Account information
- Journals
- Totals/transaction figures
- Balance sheet/profit and loss evaluations
However, SAP still offers to choose between the New GL and the old Classic GL way of accounting.
There are certain limitations in the new GL and clients are adopting to the new gl concept.
For more clarity please see the below link
http://www.sap.com/solutions/business-suite/erp/financials/pdf/BWP_New_Gen_Ledger_Acct_Functions.pdf

Exit for to restict Non-leading ledger posting periods for Document Type SA

Hi,
Please give the guidelines to complete the following requirment.
In SAP FI two ledgers Leading(0L), Non-Leading (J2) Posting periods are defined in OB52.
If non-leading ledger is closed also it will take the Leading posting periods and Posting the document..
This is the SAP Behaviour.
Like in FB50L if we enter J2 (Non-Leading) it will display the erro message like
Posting period in not open.
Like that they want for FB70,FB75,MIGO,MIRO,FINT and Invoice(VF01).
Please suggest the suitable exit.
Thanks & Regards,
Padmaja.

Hi Ramu,
Please refer the below points,
1. Leading ledger is only one ledger in one client.
2. In one client you can keep N of non leading ledgers.
3. company codes are need assign to non leading ledgers.
4. All postings will update leading ledger by default.
5. Non leading ledgers will update if company code is assigned to non leading ledger.
6. If you want to post only non leading ledger then please use the tcode FB50L and FB01L.
7 You can set the separeate fiscal year variant for non leading ledger.
I hope above information will resolve you r issue.
Regards
Madhu M
http://wiki.sdn.sap.com/wiki/x/JghNCw    (NewGL Migration Secnarios)
http://wiki.sdn.sap.com/wiki/x/mosOD     (Document Splitting Wizard)
http://wiki.sdn.sap.com/wiki/x/f4OfDg    (NON-LEADING LEDGER SPECIFIC
                                                              POSTING)

Global implementation leading ledger Belgian legal requirement

Similar Messages

Maybe you are looking for