Configuration for Special Purpose Ledger

SAP FI Question:

Why do we use special purpose ledger?

What are the configurations we need to make?

We are using the Special Purpose Ledger for statutory reporting or mangement reporting purpose.  It also help us in doing single entry, adjstment posting like income tax deperication.

Steps for cofig.

- Define Table Group

Financial Accounting -> Special Purpose Ledger -> Basic Settings -> Tables -> Definition -> Define Table Group

- Maintain Field Movement

GCF2

IMG Menu Path :

Financial Accounting -> Special Purpose Ledger -> Basic Settings -> Master Data -> Maintain Field Movements

- Maintain Ledger for statutory ledger

GCL2

IMG Menu Path :

Financial Accounting -> Special Purpose Ledger -> Basic Settings -> Master Data -> Maintain Ledgers -> Copy Ledger

Assign  Co Code

Assign Activities

- Define Versions

GCW1

IMG Menu Path :

Financial Accounting -> Special Purpose Ledger -> Periodic Processing -> Currency Translation -> Define Versions

- Set Up Exchange Rate Type

OC47

IMG Menu Path :

Financial Accounting -> Special Purpose Ledger ® Periodic Processing -> Currency Translation -> Set Up Exchange Rate Type

- Create Number ranges

GC04

IMG Menu Path :

Financial Accounting -> Special Purpose Ledger -> Actual Posting -> Number Ranges -> Maintain Local Number Ranges

- Create Currency Translation document type

GCBX

IMG Menu Path :

Financial Accounting -> Special Purpose Ledger -> Actual Posting -> Maintain Valid Document Type

- Create Posting period variant

GCP1

IMG Menu Path :

Financial Accounting -> Special Purpose Ledger -> Actual Posting -> Posting Period -> Maintain Local Posting Period