The objective of this blog is to provide general guidance/perspective in the initial Ledgers and the assignment of Accounting Principles for SAP S/4HANA Cloud, public edition (Public Cloud). In this blog I’m focused on a 3SL system using CBC.
How many ledgers do you need to enable in your system?
Key questions to answer before deciding how many ledgers are required:
Is your customer based on a single country?
Does your customer just need the local accounting principle to support legal requirements?
If all the previous questions are answered with a yes, most likely one ledger is required.
In the other hand, if not sure, then you should ask your customer the following questions:
Is your customer in multiple countries following different accounting principles?
Does your customer have plans to expand to other known countries in near future (3-5 years)?
Is the implementation for a subsidiary that is reporting to headquarters in a different Accounting Principle?
If the answer to any of these questions is yes, then most likely more than one ledger is needed.
This table shows the 4 available options (details in help “Ledger Scenarios: Choosing the Right Combination for Your Business Needs” below):