Leading ledger 0L is posted based on IFRS principles and itu2019s the group accounting standard for all legal entities. Each company code posts their IFRS figures using this ledger.
Non-Leading Ledgers are posted based on Local GAAP and tax GAAP rules.
For Example if you have legal entities in US and in India(IN).
US company codes use Non Leading ledgers Z1 for Local US GAAP and T1 for Tax GAAP.
IN Company Codes use Non Leading Ledgers Z2 for Indian GAAP and T2 for Tax GAAP.
Both of them use a different fiscal years for local reporting purposes.
Any new Legal entity will use Leading Ledger 0L but they have to create 2 new non-leading ledgers Z3 and T3 to cover there local requirements
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