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Adjustment Only Ledger vs. Balance Ledger — Cloud Customer Connect
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Adjustment Only Ledger vs. Balance Ledger

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edited Aug 9, 2021 8:46PM in Financials – General 1 comment

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Our company needs to create a new legal entity with Primary (GAAP) and Secondary (tax) ledgers.  Our existing legal entity was set up using Data Conversion Level = Journal for the Secondary tax ledger.  We found that approach was not feasible as the secondary ledger duplicated all journals posted in the Primary ledger except Revaluation journals.  If there were reversals, we must perform posting twice - one in Primary and one in Secondary.  Quite often the users would forget to post in the Secondary ledger.  To ensure both ledgers have the same journals before posting any tax adjustment entries in

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