What is leading ledger in SAP FI-GL - General Ledger Accounting?

SAP Term: leading ledger

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: A ledger that applies the same accounting principle as that used for drawing up the consolidated financial statement. The leading ledger is integrated with all subsidiary ledgers and is updated in all company codes. In , only one ledger must be specified as the leading ledger. The leading ledger is always a standard ledger.

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• Key Concepts: 
  A leading ledger is a type of ledger in SAP's FI-GL General Ledger Accounting component. It is the main ledger that contains all the financial data for a company. It is used to store and manage all the financial transactions of a company, such as accounts receivable, accounts payable, and other financial transactions.
  
  How to use it: 
  The leading ledger is used to store and manage all the financial transactions of a company. It is used to record all the financial transactions of a company, such as accounts receivable, accounts payable, and other financial transactions. The leading ledger can be used to generate reports and analyze the financial performance of a company.
  
  Tips & Tricks: 
  It is important to keep the leading ledger up-to-date in order to ensure accurate financial reporting. It is also important to ensure that all transactions are properly recorded in the leading ledger in order to maintain accurate records.
  
  Related Information: 
  The leading ledger is part of SAP's FI-GL General Ledger Accounting component. Other components of this system include Accounts Payable, Accounts Receivable, and Cost Accounting.