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Recommended Approach to Data Pull if Primary Ledgers & Secondary Ledgers are in Different Currencies

edited Sep 24, 2024 9:08AM in Tax Reporting (Direct Tax) 2 comments

Summary:

In our current set-up we are pulling Primary Ledger data in functional currency for all countries using standard PBCS data integration (into No Multi GAAP dimension). We also pull Secondary Ledger data from GL via Data integration (into Local GAAP Dimension). Ideally, Primary Ledger & Secondary Ledger currencies are same.

However, we have a scenario for few countries where the Primary Ledgers are in USD while Secondary Ledgers are in local currency. Is there any recommended approach to bring the data for these specific countries into TRCS?


Version (include the version you are using, if applicable): 24.09.73

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