Attaching Secondary ledger to Tax book
Hi
The customer is in Germany, reporting as per EUR USGAAP (Primary) and USD IFRS (Secondary)
Primary Ledger Currency = EUR (USGAAP) is attached to FA Corpbook
Secondary Ledger Currency = USD (IFRS) and they want to attach this to FA Tax book. However since the currency is different in primary and secondary ledger they are not able to attach the secondary ledger to the tax book.
Because of that they cannot use USD Reporting currency solution as the GAAP is different and there are differences in FA depreciation start dates etc
Please suggest if there is any work around for this
The customer is in Germany, reporting as per EUR USGAAP (Primary) and USD IFRS (Secondary)
Primary Ledger Currency = EUR (USGAAP) is attached to FA Corpbook
Secondary Ledger Currency = USD (IFRS) and they want to attach this to FA Tax book. However since the currency is different in primary and secondary ledger they are not able to attach the secondary ledger to the tax book.
Because of that they cannot use USD Reporting currency solution as the GAAP is different and there are differences in FA depreciation start dates etc
Please suggest if there is any work around for this
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