All about Ledger

A Ledger is a combination of the following setups and conditions.

1. Chart of Accounts
2. Currency
3. Calendar
4. Sub ledger Accounting Method
5. Ledger Processing Options
6. Sequencing
7. Open/Close Periods
8. Tax setups
9. No legal requirement to have separate ledger 

If all the LEs can share the same setups and conditions above they can get away with single ledger. However we seldom find these kind of implementations outside USA.

 

Types

Primary Ledger
Secondary Ledger	An other representation of Primary ledger with different COA/CAL/CUR, etc
Reporting Currency	An other representation of Primary ledger with different CUR

Notes

1. Both SL and RC can be setup at Subledger, Journal or Balance level
2. SL can be setup to record only Adjustments in which case the only difference from PL could be CUR
3. Both OUs and LEs are attached to Ledgers, hence single OU can have access to multiple LEs, if those LEs share same ledger
4. Any transaction between BSVs of the same ledger may constitute as Inter company (not Intra) if the BSVs belong to separate LEs
5. Banks and Tax Rules are setup at LE level 
6. Open/Close Periods works at Ledger level
   

Screenshots