Learn the essential steps to set up an extension ledger in SAP S/4HANA, including specifying allowed currency types and selecting an underlying ledger. Master SAP S/4HANA financial configuration with expert guidance.
Table of Contents
Question
You want to configure an extension ledger.
Which steps do you need to take? (Choose two.)
A. Specify allowed currency types for the extension ledger.
B. Specify the document type for the extension ledger.
C. Select an underlying ledger for the extension ledger.
D. Assign a fiscal year variant to the extension ledger.
Answer
A. Specify allowed currency types for the extension ledger.
C. Select an underlying ledger for the extension ledger.
Explanation
To configure an extension ledger in SAP S/4HANA, you need to take the following two steps:
A. Specify allowed currency types for the extension ledger.
When configuring an extension ledger, you must define the currency types that are allowed for posting transactions. This ensures that only valid currencies are used in the extension ledger, maintaining data integrity and consistency.
C. Select an underlying ledger for the extension ledger.
An extension ledger is built on top of an existing ledger, known as the underlying ledger. You need to specify which ledger will serve as the foundation for the extension ledger. This underlying ledger provides the base data and configuration settings that the extension ledger will inherit and extend.
By completing these two critical steps – specifying allowed currency types and selecting an underlying ledger – you lay the groundwork for a properly configured extension ledger in SAP S/4HANA. This setup enables you to capture and report on additional financial data while maintaining a strong link to the primary ledger.
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