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Impact of Implementing a Secondary Ledger Differing Only by Currency from its Primary ledger

in General Ledger & Intercompany

Summary:

Hello Members,

We currently operate with a single primary ledger in USD, within which multiple Balancing Segment Values (BSVs) are configured. There is a requirement to support multi-currency reporting for selected BSVs only, as outlined below:

  • BSV1 – reporting required in EUR
  • BSV2 – reporting required in GBP

To restrict currency conversion by entity/BSV, we are considering the use of BSV-specific secondary ledgers, using the following Oracle capability:

Legal Entity-Specific Secondary Ledgers with Controlled Replication from Primary Ledgers

  • Secondary Ledger 1 – BSV1 in EUR
  • Secondary Ledger 2 – BSV2 in GBP

The conversion level for these secondary ledgers would be set to Journal level.

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