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Portugal Statutory Requirements

Received Response
edited Jul 11, 2023 12:49PM in General Ledger & Intercompany 1 comment

Summary: We are implementing globally. Premise is US GAAP first with global COA. Our Primary ledgers are US GAAP secondary ledgers as required for IFRS or other local GAAPs and currencies. We have a dimension is our COA for local reporting requirements where additional info is needed to enhance items like salary or travel. Our Portuguese is requesting in the order of 700 values. This seems extreme. Does anyone have experience you could share with a US Company and a Portuguese sub as to how extensive the local reporting requirements are?

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