Configuring Ledgers Purpose Before you can start working with
the functions of new General Ledger Accounting, you have to
configure the ledgers. When you have planned the data structure for
General Ledger Accounting, you can reflect it in Customizing in
your SAP system. Note You configure ledgers. The term ledger
describes a technical view of a database table and it is used in
this documentation as a synonym for a general ledger. Prerequisites
You have activated New General Ledger Accounting . You have made
the general settings for the fiscal year, the posting periods, and
the currencies . Process Flow To configure the ledgers for General
Ledger Accounting, proceed as follows: 1.Define the standard fields
that you require. You make the settings in Customizing for
Financial Accounting (New) under Financial Accounting Global
Settings (New)LedgersFieldsStandard Fields . 2.You can also define
your own fields. For more information, see Customer Field .
3.Create your ledgers and ledger groups and configure them. See
Ledger and Ledger Group . 4.Assign the desired scenarios to your
ledgers. Read the information under Scenario in General Ledger
Accounting .
