SAP FI Training_ Week 17

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Table of Contents

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01 Ledger Group Specific Postings with Illustration
Ledger Group Specific Postings FI
Documents
• Clearing and Posting Specific to Ledger Groups
• You use clearing specific to ledger groups if you perform parallel accounting using the ledger
approach (and not the account approach). Clearing specific to ledger groups and making
postings specific to ledger groups supports you with your closing tasks. You can use the
function for all items for purpose of parallel accounting, as postings are made to multiple
ledgers and valuated differently in those ledgers, in particular for provisions related
transactions.
• If you set the Clearing Specific to Ledger Groups indicator for a G/L account managed on an
open item basis, ledger group-specific postings can be made to this account. In this way, you
have a ledger group-specific view of the account. Clearing is also performed for specific
ledger groups. This means that items posted in a specific ledger group can only be processed
further within the same ledger group. If you have posted provisions, for example, to specific
ledger groups, you also clear those provisions in the same ledger groups.
Ledger Group Specific Postings FI
Documents
Activating Clearing Specific to Ledger Group in GL Master will replace
the following indicator of Open item Management as you can only set
either of one of the indicators.
Pre-requisites of Setting Indicator for Specific Ledger Groups:
1- More than one ledger groups are operating
2- Activated the Specific clearing indicator in GL Field Status Groups
Secondly to activate the indicator you have to maintain “Only Balance
in Local currency” Check box to proceed with the settings.
Application of Indicator on Balance Sheet
Accounts
• You can manage accounts for Specific ledger clearing in Balance sheet
accounts type only with exclusion of below GL accounts:
• GR/IR Accounts
• Reconciliation Accounts
• Tax relevant Accounts
• Profit and Loss Accounts
Implementation of Clearing Specific to Ledger
Groups
• It is recommended to create New GL Accounts to serve the purpose
of parallel accounting and clearing specific ledger postings as the
changes after postings made into this sort of account cannot be
reverted back. But if you need to change an existing open item
account to ledger specific clearing account you can make these
settings if no postings are made in this account.
Execution of Ledger Specific Postings
• To perform ledger specific
postings you can use transaction
codes FB50L and FB01L and for
clearings you can use FB1SL
(Clear GL Accounts) and FB05L
(Post with Clearance).
• To view GL transactions in
Leading and Non Leading
Ledgers you can use FAGLL03
transaction codes.
IMG Guide for Processing Specific Ledger Postings in
SAP FI Application
• 1st Step- You need to create a Non-
Leading Ledger for your company
code using IMG GUIDE as shown in
screenshot.
• You can maintain a new ledger
type on different FYV and PPV in
different currencies for meeting
country specific reporting beside
the leading ledger reporting.
• Assign the new ledger type with
the relevant accounting principles.
IMG Guide for Processing Specific Ledger Postings in
SAP FI Application
IMG Guide for Processing Specific Ledger Postings in
SAP FI Application
Document No ranges Creation For Ledger
Specific Postings
Maintain Document No ranges for specific ledger
group postings against the required transaction
types as shown in screenshot.
Transaction Posting in Non Leading Ledger Using
FB50L

• Carry out transaction in the maintain document type

only to avoid errors otherwise you need to maintain all
document types to carryout out all sort of transactions
likewise in Leading Ledgers.
What is Account and Ledger Approach Difference in
SAP Financials?
• Account Approach
When a company has to cater two
accounting standards requirement
like GAAP or IFRS for compliance they
can apply account approach by
processing two different transactions
using adjustments accounts and then
preparing two different financial
statement version and mapping the
relevant GL accounts in each of these
to prepare FSV as per GAAP and IFRS.
• Ledger Approach
Companies can also cater two different
accountings standards requirements by
making ledger specific postings by
configuring two standard ledgers and making
two different financial statements versions
and mapping the GL Accounts in both of
them. Reports will be generated on Ledger
Groups level showing two parallel reporting.
Ledger Approach needs configurations and
accuracy while executing ledger specific
postings by user as they are quite complex
transactions.
Practical Assignments
• All of the students are required to perform Ledger
approach accounting and show two parallel reporting
generated in FSV.
• All candidates need to perform this practical on their own
by using online mediums as help in case of any issues.

• Deadline: 15th Feb 2021

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