Finance | Project Operations, Human Resources, ...

Ledger Settlement

(0) Share

Report

Posted on by 24abhi.g

Is it mandatory to do ledger settlements in FNO?. I know about the impact it has on year end, but what if I don't do Ledger settlements and still go for year end, the process and result of YEC remain same way that used to be earlier ?

I have the same question (0)

All responses (3)

Answers (0)

Suggested answer

Ramit Paul 22,797 Most Valuable Professional on at

Like (0)

Report

Hi,

If you are already aware from YEC point of view, there is no other major impact if you don't do ledger settlements.

Was this reply helpful? Yes No
Suggested answer

BillurSamdancioglu 19,850 Most Valuable Professional on at

Like (0)

Report

Ledger settlement is just for reporting purposes. A seperate process. Doesnt effect any process.

Was this reply helpful? Yes No
André Arnaud de Cal... 301,069 Super User 2025 Season 2 on at

Like (0)

Report

Hi Abhinav,

There might be some postings you do on suspension or temporary accounts. If you do execute settlements, it will be a benefit to known what had been cleared already or what transactions are open. Compare this with customer invoices and payments. If you don't do the settlement, you might see a balance on the customer, but you don't know which exact invoices are not paid, unless you settle them. The same applies to ledger settlements.

1 people found this reply helpful.

Was this reply helpful? Yes No