what is differec between MRC at gl and ap?

[segu_tulasi55]

what is differec between mrc at gl and ap?

[anusha_rao]

hi
mrc is multireporting currency supporting 8 reporting set of books
i didnot get your question on ap and gl.
can you clarify in detail what is your requirement.
regards
rao

[ramesh.nalem]

Hi Tulasi,

<b>MRC(Multi Reporting Currency) at GL:</b>

MRC is set of unique feature which is embeded in Oracle which allows you to report on and maintian accounting at transaction level in more than functional Currency. MRC is based on Multi Org Structure.

<b>Multiple Currency at AP:</b>

You would have to enable the AP payables option 'allow multiple currencies'. You would also have to setup a foreign currency (or multiple currency) bank account. You would have to enable the foreign currencies.

These are steps which need to perform for making payment in foreign currency,
1) Define currency rates in GL
2) Enable ?Multiple currency option? in payable options currency TAB and map it with the types
3) Enable multiple currency option in Bank setup (Tab "payable option")
4) Enable multiple currency option in payment format

After that we can make any foreign currency payment through a Bank account

Hope this will clear your doubt.

[surya_prabha]

Hi


MRC is feature with which u can perfrom the transactions in multiple currencies for reporting purpose at your transaction level (GL) for that u need to :

1.enable ur primary sob and reporting sob at ur sob level
2.define conversion options and rules
3.perfrom mrc.

where as in AP u have to :

1. enable forerign currency payment setups which stated above
2.then being a subledger module the transaction will be reflected automatically in reporting subledgers.

regards,
surya
Senior software engineer