Create a cost accounting ledger

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

A cost accounting ledger represents the overall reporting unit. It is defined by a cost element dimension, statistical dimension, fiscal calendar, and currency. It is agnostic to the concept of legal entities. A legal entity and its data can be associated with many cost accounting ledgers. This recording uses the USP2 demo data company.

  1. Go to Cost accounting > Ledger setup > Cost accounting ledgers.
  2. Click New.
  3. In the Name field, type a value.
  4. In the Cost element dimension field, enter or select a value.
  5. In the Fiscal calendar field, enter or select a value.
  6. In the Accounting currency field, enter or select a value.
  7. In the Exchange rate type field, enter or select a value.
  8. In the Statistical dimension field, enter or select a value.
  9. Click Save.