Leading Ledger
SAP delivers the leading ledger 0L. This ledger is updated in all company codes, that is, it's assigned to all company codes. The document numbers assigned in this ledger apply to all dependent ledgers. 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 the variant of the posting periods. For these reasons, the leading ledger can act as the global ledger for the whole entity (that is, with the valuation done according to legal reporting requirements).
Non-Leading Ledgers
Along with the leading ledger, you can have another, non-leading ledger or extension ledger. The non-leading ledger is a parallel ledger to the leading ledger. It can be based on a local accounting principle, for example. You can either use ledger 2L (by default, for IFRS) or ledger 3L (by default, for US GAAP) as the non-leading ledger. You have to activate the non-leading ledger for the individual company codes.
If there is a mismatch in the ledger assignment as per the standard expectation, Addressing this issue will require you (Customer),
- To reset the data (refer to documentation) for all company codes in both DEV and TEST systems and then
- reassign* the local accounting principle as recommended below.
Current Settings / As is situation. (This will be the default configuration when partner receives the initial system access to CBC from SAP). FI consultant should check the configuration and do the needful.
Ledger | Corporate Accounting Principle | Local Accounting Principle |
0L | IFRS | |
2L | LKAP | |
Recommended Customizing / To be situation.
Ledger | Corporate Accounting Principle | Local Accounting Principle |
0L | IFRS | |
2L | | LKAP |
*Important: Please do not create/post any fixed assets in your Production System before the recommended changes are effective in your production system. As soon as you have a transactional posting in Fixed Assets in your Production system, it will not be possible to change the Accounting Principle to Ledger settings at Company Code in your landscape.
