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What setups are required to accommodate the new legal entity with a new currency ?

in General Ledger & Intercompany 2 comments

Looking for expert opinion on which setups should be done.

Currently my client has only a primary ledger with a legal entity operating in MUR and this currency has already been defined at ledger level.

We have the requirement to set up a new legal entity which operates in USD, and reporting and consolidation will now be done in USD instead of MUR.

How this can be achieved in terms of setup ?

  1. If the ledger should be an independent one, what are the setups which entails ?
  2. If the client wishes to carry forward the balances from MUR to USD, how this can be done ?
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