What is preparation ledger in SAP EC-CS - Consolidation?

SAP Term: preparation ledger

• Component: EC-CS

• Component Name: Consolidation

• Description: Define group reporting preparation ledgers by mapping accounting ledgers with consolidation charts of accounts COA. They can then be used in accounting integration with group reporting preparation ledger.

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• Key Concepts: 
  A preparation ledger is a type of ledger used in the SAP EC-CS Consolidation component. It is used to store and manage data that is not yet ready to be consolidated. This data can include trial balances, financial statements, and other documents that need to be reviewed before being consolidated. 
  
  How to use it: 
  The preparation ledger can be used to store and manage data that is not yet ready to be consolidated. This data can include trial balances, financial statements, and other documents that need to be reviewed before being consolidated. The preparation ledger can also be used to compare different versions of the same document, as well as to track changes over time. 
  
  Tips & Tricks: 
  When using the preparation ledger, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the consolidation process runs smoothly and efficiently. Additionally, it is important to regularly review the data stored in the preparation ledger to ensure that it is still relevant and accurate. 
  
  Related Information: 
  The SAP EC-CS Consolidation component also includes other features such as consolidation groups, consolidation rules, and consolidation reports. These features can be used in conjunction with the preparation ledger to ensure that the consolidation process runs smoothly and efficiently. Additionally, there are a number of tutorials available online that provide step-by-step instructions on how to use the SAP EC-CS Consolidation component.