Define Internal Ledger
Explanation
This activity is used to create internal ledgers to be used in the company. You
can enter and change information on existing internal ledgers, and the integration
between the internal ledger and the general ledger can be specified. It is also
possible to connect internal ledgers of the subsidiary with the parent
ledger IDs. This can be done by selecting a parent ledger ID from the List of
Values.
Prerequisites
In order to perform this activity, Internal Ledger must be installed.
System Effects
As a result of this activity, it will be possible to set up other basic data for
this such as user per internal ledger, internal code parts and internal posting
methods.
Window
Define Internal Ledgers
Internal Code Parts
Related Window Descriptions
Define Internal Ledgers
Internal Code Parts
Procedure
Use the following procedure to define an internal ledger:
- Open Define Internal Ledgers window
and create a new record.
- Enter an ID for the new Internal Ledger in the
Ledger ID field and a description in the IL Description field.
- Select the Only Method Keep check box if
you want only the Keep posting method available for the internal
ledger posting methods.
- Select the GL Period Allocation check box
if you want to copy transactions related to General Ledger period
allocations to the Internal Ledger.
- Select the GL Automatic Posting check box
if you want to copy General Ledger automatic postings to the Internal
Ledger.
- Select the GL Periodical Cost Allocation
check box if you want to copy periodical cost allocation vouchers of the
General Ledger to the Internal Ledger.
- Enter the Internal Ledger ID of the parent company in the Parent
Ledger ID field if you want to perform IL Snapshot Consolidation.
- Select the Ensure FA Acquisitions check box
if you want the Internal Ledger to be updated whenever there are acquisition
transactions generated in IFS/Fixed Assets.
- Specify what voucher types should be considered
when account matching is carried out for the Internal Ledger (based on the
ledger to which they are connected) by selecting a value for the IL
Account Matching Method field.
- Select the Include in Currency Revaluation check box to enable
currency revaluation function for the Internal Ledger.
- From the dropdown Code Part Demands Validation, choose one of the
following alternatives for how Code Part Demands and Budget Code Part
Demands should be applied for Internal Ledger:
Voucher Only: Internal Ledger voucher should be validated against the
settings in Code Part Demands
Budget Only: Budget Version for Internal Ledger should be validated
against the settings in Budget Code Part Demands
Voucher and Budget: Internal Ledger voucher and Budget Version for
Internal Ledger should be validated against the settings in Code Part Demands
and Budget Code Part Demands
No Validation: Validation should not be done against the settings in Code Part
Demands or Budget Code Part Demands
- Select the Validate Combination Rules check box to validate the
internal ledger postings against the combination rules defined in the
Combination Rules window.
- Save the changes.
If you need to use the IL Project Accounting, use
following steps
- Define and save the internal ledger settings as
explained above.
- Open the window Internal Code Parts.
- Right-click and then click Change
Ledger. Select your internal ledger that you are planning to use for IL
Project Accounting, and then click OK.
- For Code Part whose code part
function is Project Accounting, select the Used in IL check box
- Open Define Internal Ledgers window
- Select the checkbox IL Project Accounting for your
internal ledger
- Save Your Changes