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If two different sets of accounts are maintained, what's the best practice to keep them separate?

edited May 27, 2025 12:16PM in Financial Consolidation and Close 1 comment

There are 2 sets of hierarchies in the system, statutory and management reporting hierarchy. Impact of some netting adjustments (journals) recoded on natural accounts of the standalone financials should only be reflected in statutory reporting, with no impact on management reporting. Natural accounts members are opened in one hierarchy and opened as shared members in other hierarchy (only presentation differences with some natural accounts placed under different parents). Case is similar in entity dimension with some of the entities in statutory reporting are opened as shared members in management reporting. So what would be the best approach to differentiate between

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