Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Loading Historical GL Balances for Reporting Ledgers in Fusion

edited Jan 30, 2019 4:30PM in General Ledger & Intercompany 3 comments

Summary

Loading Historical GL Balances for Reporting Ledgers in Fusion

Content

Can you please let me know how to load historical GL balances for primary and reporting ledgers, when the translation between ledgers is set to convert on balances.

we were asked us to use ‘forced’ or calculated currency rates, and load primary ledgers only and then copy the data to the reporting ledger using the rate.  However, this poses several big accounting / records (system of record) issues:

1) Inevitably there are rounding issues that will cause discrepancies in calculated data (reporting ledger balances) – given that this would be a huge issue for publicly held companies, there must be an alternative approach

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!