Reporting Cal is diff from Cal defined in SOB

[goutamapps]

Hi All,

Following is the situation:

For maintenance of India Localization & Reporting to India Tax authorities we need Apr - Mar Fiscal. But, as Parent Entity is US we need to Report to them in Jan-Dec Calendar.

Can any of you share your expertise on this topic.

[goutamapps]

Version using is 11.5.10

[admin]

Pl check Special Calendar,

AP: Setup > Calendar > Special Calendar

[goutamapps]

Thanks for your reply.
I think special calendar on withholding Tax is related to my case. But, do you think that just by defining Withholding Tax Special Calendar we will be able to satisfy all India Tax Requirements. If yes, how?

Also,
1 ) Where is this calendar be mapped for AR Transactions?
2) Can I define period in special calendar from previous fiscal?

We need these doubts to be cleared. What do you think?

Regards
Goutam

[goutamapps]

Can anybody show any direction to this issue please?

[cnubandi]

Hi,

I think you can use <b>Global Consolidation System </b> (GCS) .By defining new SOB with Acc Calender.



Thanks,
Cnubandi

[guhanadh]

Tell me one thing is it for Reporting Set of Books or any other thing.

Imp: Special Calendar need not to be same always like Set of Books Calendar

[goutamapps]

It is not Reporting SOB, it should be Parent SOB.
We need to set up GCS with different COA, Cal & currency. Also, US want a transaction level details on every period closure. Is there any process to fulfill it?

Further we need following clarifications if we adopt GCS:

1 ) As we have to maintain seperate Calendar for Parent SOB (Jan - Dec) & Subsidiary SOB (Apr - Mar), what steps we need to follow in Dec while consolidation?

2 ) Do we need to transfer subsidiary data to parent i.e. the consolidation process each period? If yes then what actions we need to ensure before processing next period consolidation?

Please help with your expertise.

[goutamapps]

Can I expect any expertise in this issue?