How can we follow the same accounting standard (ASC842) for both Primary and Secondary ledger — Cloud Customer Connect
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How can we follow the same accounting standard (ASC842) for both Primary and Secondary ledger

edited Aug 7, 2025 6:40AM in Lease Accounting 1 comment

Summary:

We have a business requirement to configure both the Primary Ledger and the Secondary Ledger using the same accounting standard, which is US GAAP (ASC 842). However, the system is currently preventing us from assigning the same accounting standard to both ledgers. We need guidance or a workaround to fulfill this requirement.

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