Parallel Accounting and Multiple Ledgers

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Parallel ledgers checklist

• Principles: list each accounting principle and which ledger (or account set) carries it.
• Ledger approach: 0L leading, non-leading ledgers per company code, ledger groups defined.
• Adjustments: always set the Ledger Group; review every manual adjustment for it.
• Accounts approach: common accounts plus principle-only accounts; one FS version per principle.
• Assets: depreciation area → accounting principle → ledger group; check posting options.
• Keep a difference register: topic, mechanism, ledger, accounts, expected amounts.
• Reconcile trial balances per ledger account by account; every difference matched to the register.
• Test common postings, ledger-specific postings, depreciation, valuation, periods and carryforward per ledger.
• Evidence: ledger reconciliation, asset history sheet per area, valuation logs, negative test.