| Reporting Currencies Ledger Level vs Subledger Level [message #454269] |
Tue, 04 May 2010 14:46  |
asimnabi
Messages: 24
Registered: May 2010
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Junior Member |
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Reporting currencies could be created at three levels 1) Balances 2) Journals 3) Subledger.
As I understand the main difference between 2 and 3 is that 2 is driven by "journal posting program" while 3 is driven by "subledger create accounting program".
In option 2 journals are created and posted in the reporting currencies ledger when you post journals in the primary ledger.
In option 3 journals are created and posted in the reporting currencies ledger when you either run creating accounting in subledgers or post a journal in the primary ledger.
The only difference 3 is creating as oppose to 2 is that it is letting you see subledgers journals earlier in the game right when they are created in subledgers as oppose to when they are posted in GL.
I dont get it. What benefits do companies see in 3 as oppose to 2? In what scenarios companies would use 3 as oppose to 2?
Thanks
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