How to Define Ledger for CO Version

In this SAP Tutorial, you will learn how to define ledger for CO version in S4 Hana system.

In this step, you will assign General ledger Accounts to Controlling Versions. It enables the controlling to the read the actual date (postings) from the G/L ledger that you specified here.

  • By Assignment of ledger to Controlling Area, it activates what are the values that are to be transferred from FI to CO. In this scenario, we are assigning the Ledger OL to the CO area, so it enables to transfer the OL ledger specific actual values to the controlling in SAP S4 Hana system.
  • You need to assign actual version of the controlling area to G/L ledger.

Scenario: When you are posting G/L Account Document using FB50 transaction code, you are getting the error as “Correct the Customizing settings for ledgers for the universal journal”

  • Check the customizing settings using the transaction code “FINS_CUST_CONS_CHK.”
  • Now it is showing error for our company code as “The version 0 of CO area AD01 is not assigned to any ledger”
  • After assignment of Controlling Version to ledger, you are able to post the documents.

Solution

Step 1: Navigate to SAP IMG Menu or execute transaction code: S_ER9_11000156

SPRO > Financial Accounting > Financial Accounting Global Settings > Ledgers > Ledger > Integration of Controlling with Financial Accounting > Define Ledger for CO Version.

Step 2: On change view “Ledger From which CO reads actual data” overview screen, you can maintain new entries or copy from the existing standard data.

Note: It is recommended to copy from the standard data to your CO area and it helps not to miss any configuration.

Define Ledger for CO Version in SAP Hana

Step 3: On CO area, update the Controlling Area key and press enter and click on save icon to save the details.

Ledger from Which CO reads actual data in SAP

Step 4: Ignore the warning the messages and press enter to continue. Now successfully we have assigned the CO area to ledger in SAP Hana.

CO area to ledger in SAP Hana

It is one of the important configuration step in SAP S4 Hana system, without this definition of Ledger for CO version, the system wont allow to post any FI documents & transactions.