FA-- Tax Book Accounting Transfer to GL
Hello Team,We have requirement to confirm what accounting is transferred to GL from Tax Book.
Is only deferred depreciation entries are passed on to GL.
If the above is not true, Can the below options is possible?
Our idea is to copy all assets to Tax book from Corporate book, and use only Tax book for transferring all assets transaction accounting to GL for tax reporting purposes.
The detailed steps are mentioned below.
a) Define One Primary ledger
b) Create One Asset Corporate Book And Link to Primary Ledger with Allow GL posting to No
c) Create Secondary ledger for Primary Ledger
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