What is 'additional ledger' in SAP FI - Financial Accounting?

additional ledger - Overview

• Component: FI

• Component Name: Financial Accounting

• Description: A definable ledger used for evaluation and reporting purposes. An additional ledger records values and quantities at company code or company level.

additional ledger - Details

• 
  Key Concepts: 
  Additional ledger is a feature of SAP Financial Accounting (FI) that allows users to create additional ledgers for the same company code. This feature is useful for companies that need to maintain multiple sets of books, such as for different currencies or legal requirements. The additional ledger can be used to store and report financial data separately from the main ledger. 
  
  How to use it: 
  To use the additional ledger feature, users must first create a new ledger in the SAP system. This can be done by going to the Financial Accounting (FI) module and selecting “Create Ledger” from the menu. Once the ledger is created, users can assign it to a company code and enter financial data into it. 
  
  Tips & Tricks: 
  When creating an additional ledger, it is important to ensure that all of the necessary settings are configured correctly. This includes setting up the correct currency, fiscal year variant, and chart of accounts. Additionally, users should make sure that all of the necessary documents are posted to both the main and additional ledgers in order to ensure accurate reporting. 
  
  Related Information: 
  For more information on using additional ledgers in SAP FI, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_FI/6.0/en-US.