General Ledger - EBS (MOSC)

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Posting transactions for multiple operating units across multiple EU countries in one Ledger

edited Oct 1, 2009 11:31PM in General Ledger - EBS (MOSC) 2 commentsAnswered
 Hi,

I am working at a company who are implementing R12 where they have locations in a number of different countries in Europe and will be using the following currencies - GBP, EUR, PLN and USD.  The parent company is US and they have already gone live.

They European division have inherited the US setup in the respect if CoA structure, Calendar, subledger setup and the fit is not particularly good.  To get around this, they have been advised to use one ledger for all coutries (GBP) and setup reporting currencies in the Secondary ledgers to allow local reporting.  There will be multiple operating units and business group.  This means that ALL transactions will be enter into one ledger e.g. all Payables invoices will be entered in one AP and it will be the responsibility of the user to select the correct operating unit and currency.

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