Fixed Assets - EBS (MOSC)

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Fixed Assets Functionality with different depreciation rate in Primary & Secondary ledger

edited Nov 3, 2018 5:00AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

We have four ledgers as below

- Primary Ledger (INR Currency) & its reporting Ledger (USD currency): Jan to Dec 4-4-5 Calendar  - USGAAP

- Secondary Ledger (INR Currency) & its reporting ledger (USD Currency): Apr to Mar Monthly Calendar   - INGAAP

- We wanted asset category to be accounted with different depreciation rate as it is different as per USGAAP & INGAAP in Primary & Secondary Ledgers 

- Asset transaction/entries posted in primary ledger will not get transferred to secondary ledger & need to create seperate book mapped to secondary ledger. Need more clarity and confirmation 

- What is the function of 'Post Journals Automatically from Source Ledger' in accounting setup. What is the impact of setup with Yes or No values

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