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Advantage of Balancing Rules

edited Jan 30, 2019 4:30PM in General Ledger & Intercompany 1 comment

Summary

Advantage of Balancing Rules

Content

 Balancing segment ensures that all journals balance for each balancing segment value.

General ledger automatically calculates and create balancing lines as required in journal entries.

By using Multiple Balancing Segments (MBS), it is possible to generate Financial Statements for each unique combinations of Segments.

This offers greater insight into visibility of operations to monitor and measure financial performance of a company.

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