Parallel Accounting using New GL Ledgers

Hi
I would like to know if it is possible to use different ledgers that use different Chart of Accounts.
So for example in the leading ledger I would like to post to GL account 111000 but in one of the non leading ledgers I want it to post to 559100.
Is this possible? I do not see anywhere to link Chart Of accounts with different ledgers?
Thanks in advance

Hi
I'm a bit confused though.
I thought the purpose of parralel accounting was the ability to do different posting according to different accounting priniciples.
So lets say you need to use a specific chart of accounts, enforced by country regulations, these postings must be done in a specific way to specific accounts.You need to post according to these principles. But then you want also postiings done according group financials which use a different chart of accounts, different posting methods and principles.
I was under the impression one could use the ledgers to get the different type of postings to occur. Is this correct?? Am I wrong?
I do not want to use country chart of accounts.
Any suggestion will be appreciated.

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Parallel Account SAP Document

Dear Sir,
Can you please forward me any SAP document showing how to configure Parallel Accounting in SAP. We are using SAP ECC6 without activating NEW GL module.
What is the difference in "Complete Posting and Difference Posting" in context of parallel accounting.
Can you please clarify whether we need to activate NEW GL for using Parallel Accounting or the parallel accounting can be used without activating NEW GL module.
Thanks in Advance.

Hi,
Complete Postings versus Difference Postings
Postings that differ depending on the accounting principle applied can be posted either as a difference posting for the posting in the general ledger (as a delta posting) or as a complete posting. Only the application component Asset Accounting (FI-AA) supports delta postings.
SAP recommends implementing the delta method for postings from Asset Accounting because, for complete postings, you have to subsequently filter out the valuations of valuation area 01 from the additional ledger
In the new General Ledger, you can display the parallel accounting using parallel accounts (as in R/3) or using parallel ledgers. The FI standard functions and reports are available for all parallel ledgers.
regadrs,
Santosh kumar

Open Item Management and parallel accounting

We are using parallel accounting, there are two ledgers setup.
With this setup, posing to leading ledger will automatically post an entries to non-leading ledger.
Our user have this requirement, that for adjustment purpose, they just want to post to one ledger (by specifying the leadger group).
but we encounter a problem, when GL account setup with 'Open Item Management' , FBB1 dont allow to post it directly when we enter the ledger group.
Can the expert advise, it is with parallel accounting, account with 'Open Item Management' have to post to all ledgers.
Thank you.

Hi,
Pls put this query in FI forurms and get reply immly.
Anil

Open Item Management and parallel accounting issue

We are using parallel accounting, there are two ledgers setup.
With this setup, posing to leading ledger will automatically post an entries to non-leading ledger.
Our user have this requirement, that for adjustment purpose, they just want to post to one ledger (by specifying the leadger group).
but we encounter a problem, when GL account setup with 'Open Item Management' , FBB1 dont allow to post it directly when we enter the ledger group.
Can the expert advise, it is with parallel accounting, account with 'Open Item Management' have to post to all ledgers.
Thank you.

Yes, this is a precondition , if a particular posting needs to be made to non -leading leadger , then accounts should be managed as not open items .
In case if the accounts is managed as open items then posting happens to all the ledgers.
Thanks
Regards,
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Parallel reporting in new GL

Hello Experts
I got some confusion of parallel reporting in new GL by using ledger concept.
1. How FI posting done to both ledgers? For example, a AR posting in local company, are there two accounting docs generated, one for leading ledger, and one for non-leading ledger?
Or just one accounting doc generated by leading ledger, and by non-leading ledger, this posting just results in total table update by non-leading ledger?
During doc entry, should ledger(leading or non-leading) be specified for posting? As far as I know, the ledger can be specified for foreign currency revaluation posting.
2. When we create financial statement version to generate B/S statement, by transaction F.01, user can specify ledger for transaction figures selection. By this behaviour, can we understand B/S statement struture is the same one to both ledger? But amount per each item could be different, because different valuation apporach is taken by each ledger, like asset dipreciation?
3. Each ledger can be with different fisicial year variant, leading ledger with fisical year as calendar year, but non leading ledger could be with fiscial year from Apr-Mar? I'm thinking about balance carryforward of P/L account to retainning earning account, from balance carryforward trasaction, I see user can also specify ledger.
4. In case, the head quarter in US, and it has subsidiaries in China, Germany, UK, is it that we create leading ledger to fullfill IFRS, and non-leading ledger to fullfill each local GAAP? Since I think each local GAAP is different, so we define non-leading ledger to address difference, but IFRS is the same for all subsidiaries, so leading-ledger is set to meet IFRS. But seems like my understanding is wrong, because only leading-ledger is integrated with CO. If leading-ledger is set to meet local GAAP, then how to address GAAP difference in each subsidiaries, due to the fact only one leading ledger can be created in one client.
Best Regards,
Nicole

Hi NIcole
Q1 The usage of Leading / Non Leading ledger in real time scenario is already described by you in your example.. i.e. If Grp Company has Jan-Dec FY in USA, where as Subs Co has Apr-Mar FY in India, then you can use Non Leading Ledger with Apr-Mar and Leading Ldg with Jan-Dec
You can also assign different valuation principles to both ledgers for foreign currency valuation.. You can also assign the ledger groups to dep areas
Q2 In your case, if you assign Leading and Non Leading Ledgers to 2 separate groups - You can assign the dep area to two ledger groups....
You may have 2 dep areas - One for Local reporting and another for Group reporting... you can assign these dep areas separately to 2 ledger groups
For Country specific GL accounts, you can use country chart of accounts... i.e. GL Account 123456 is in Operating chart of account for USA comp code...
Same GL Account 123456 in FS00 for India Comp Code, can have 123456789 in the field "Alternative Acct No".... Whenever posting happens to 123456 in IN Comp code, it will also update 123456789 in the FI Doc
Hope this helps
Br, Ajay M

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,
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Profit Center Accounting with New GL

Hi All!
Client wants to draw the balance sheet plant wise.I would like to know how to configure the profit center accounting with New GL . Are business areas mandatory in this case ?
Regards,
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Hi Senthil,
Please refer the link: http://help.sap.com/erp2005_ehp_04/helpdata/EN/2d/830e405c538f5ce10000000a155106/frameset.htm
It give the idea bout NGL and how the Profit center accounting works in finance itself and the required settings to make zero balance using the docuement splitting functionality.
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Thanks...Vyas

Parallel accounting cost objects in non leading ledger

Hi Gurus,
I have implemented parallel accounting and have my leading ledger in INR and the non leading leading ledger in USD.
also i have the FI profit center and segment activated and for segmental reporting i am using the same.
I now need to report on segments in the non leading ledger also.
can i transfer the account assignments (like profit center and segment) to the non leading ledgers also.
Points will be awarded
regards

I've tried it.
It works properly.
I created a movement type for Area 30 Only.
Anyway I had to modifyT093A: 30 IAS Depreciation Area now has '00' in filed WRTAFB."Adoption of values from depreciation area" like the Area 01.
I have to capitalize values (also negative; correction) only in Area 30 (IAS), not also in Area 01 (APC zero value).
There's no other way to obtain that?
Depreciation Area 01 (master area) 30 (IFRS)
APC 0 1000

Parallel accounting for income tax

Hello Experts,
Please explain configuration process for depreciation as per income tax.
we are using depreciation as per company act, need to extend parallel accounting (general ledger) for income tax.
Thanks & regrds,
Sachin

Hi
For Indian Income Tax Depreciation, you would have to create a new depreciation area. If you are on EhP 5, please have a look at the below business function:
FIN_LOC_CI_8
This business function would need to be activate in SFW5.
The below notes are also useful:
1964284
1997948
783919
Thanks & Regards
Sanil Bhandari

In parallel Accounting of NewGL, how do you implement PS&CO?

Hello,
Could you tell me a hint of this;
In parallel Accounting of NewGL, how do you implement PS&CO?
For example, there is some difference between IFRS/GAPP,
parallel value of asset should be handled in CO-OM or PS?
I know the combination of modules as follows;
asset depreciation cost(FI-AA) => cost accounting(CO-OM) + project accounting(PS) => general ledger(FI-NewGL)
regards,
Katsumi Makabe

HI,
if you are using New GL ledger functionality Controlling area covers only the values of the leading ledger (to keep CO data comperable for the whole company, no matter what local differences may occur). I am not totally sure but doesn't PS also cover only the leading ledger values.
Best regards, Christian

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Parallel Accounting using New GL Ledgers

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