GL functionality

[renjithjose1975]

The requirement is that we need to have a US GAAP Reporting.I have given a solution like this.Can u just go thru and comment

1)Create two SOBs,one INR and one USD

2)Run Translation in INR SOB at month end

3)Use GCS to transfer data to USD ,SOB

4)Pass entries in US SOB,if we require any adjusting entries in US Books



Can u point out any limiations for this?One thing that comes to my mind is that we can have only balances transferred to the USD SOB,since these two Set of Books have different currecnies.

I am not using MRC,becuase in MRC we cannot pass entries in the MRC set of Books