New General Ledger Configuration Scenario

Configuration Scenario:

A Grp of companies (Parent company) is a multinational company with companies across the world with base in Germany. The company has decided to implement SAP for its subsidiary G Ltd located in India. A Grp of

companies have to use the common chart of accounts.  The currency in India is INR.  The Parent company wants the accounts to be prepared based on Calendar year January to December. The  Financial reporting should be in EURO.

G Ltd has a local reporting requirement under the companies act G Ltd also has a tax requirement to prepare it Accounts based on accounting period April to March. Based on the above requirements we need to configure the following using the SAP New GL structure :-

Create company code 9101 – G Ltd.

The company code currency– INR

Parallel currencies to be implemented – EURO

Common chart of accounts – YCCA

Ledger 0L (leading valuation view)  reporting period  – Jan to December for group reporting

Ledger Y1 (additional ledger) for local reporting under the companies act.

Ledger Y2 (additional ledger) for local tax reporting period (April to March)