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GL reporting only Consolidation Daily Basis

in General Ledger & Intercompany 1 comment

Hi,

We have 2 primary ledger SGD and MYR and 1 MYR to SGD reporting currency currency ledger and 1 SGD consolidation ledger. Chart of account is same for all 3 the ledgers. Every month SG primary and MY reporting currency ledger balances are transferred to SG consolidation ledger.

Average balancing enabled for all 3 ledgers.

The issue console ledger daily average balance is not matching as the balances are transferred during month end only.

The current requirement is to transfer the balances to consolidation ledger daily basis from the respective source ledgers.

Please let me know the pros and Cons if any one achieved the similar requirement earlier.

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