Daily Consolidation

Hi,

We are a  Banking customer on R12.1 and have a requirement to perform daily consolidation, which is currently not feasible within standard ledger due to various known reasons to all like budget period is limited to 60 periods, performing daily close for all modules and for which hence normally a customisation is performed.  However, we are proposing to go with a secondary ledger at either (journal level or balance level) with daily calender and Primary book with Monthly calendar.  This way, we can overcome the budget issue and also would perform a monthly close for primary book where users would post