Leading Ledgers and Non-Leading Ledgers In Sap || SAP || SAP FICO ||

T.CODE: FINSC_LEDGERS

1. leading ledger : 0L
*The leading ledgers automatically assigned to all company code.
*Only one leading ledger can be defined and sap by default provides it OL
*ledger based on accounting principle that are of the consolidated financial statement.
*The leading ledger receives the currencies, fiscal year variant and ppv setting that are applied to company code.
*Second and 3rd parallel currency can be defined for leading ledger.

2. non leading ledger :
Non leading accounting principles for reporting purpose.
It needs to be activated manually for the individual company code.
*Non leading ledgers are parallel ledgers to the leading ledgers in non-local countries
*Second and 3rd parallel currency for non leading ledgers are picked from leading ledgers
*separate document range can be assigned to document types for non leading ledgers.