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Diff betn. mrc and translation [message #195649] Sat, 30 September 2006 01:43 Go to next message
sirishatalwar
Messages: 27
Registered: August 2006
Location: Hyderabad
Junior Member


Hi,


can anyone tell me What is the difference betn. MRC and Transaltion...

if the company is multi org is it mandatory to use both these features or anyone...


rgds/sirisha
Re: Diff betn. mrc and translation [message #195655 is a reply to message #195649] Sat, 30 September 2006 07:06 Go to previous message
nivasgalla
Messages: 26
Registered: September 2006
Location: Hyderabad
Junior Member

Hi Sirisha,

Difference between Translation & Mrc is..........

General Ledger’s translation feature is used to translate amounts from your functional currency to another currency at the account balances level.

General Ledger’s Multiple Reporting Currencies (MRC)
feature is used to convert amounts from your functional currency to a reporting currency at the transaction level.


Srinivas
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