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Using Reporting Ledgers for Multi-Currency consolidation accounting with Dynamics GP and Management Reporter

Reporting Ledgers

Starting with the release of Dynamics GP 2010 reporting ledgers were introduced. Reporting Ledgers provide 3 financial ledgers, the general ledger (BASE) and two optional reporting ledgers. This allows for the separation of the Base GL (Operating Books and Records used for Management Reporting) and financial adjustments for:

  • Statutory adjustments
  • Elimination Entries
  • Transfer pricing
  • Tax adjustments

Before reporting ledgers, to separate management reports from published financial statements, organizations would add separate accounts or maintain separate company databases for these types of adjustments.

Management Reporter can incorporate multiple reporting ledgers for each company to manage the consolidation reporting process. In addition, having consolidation adjustments managed in a ledger provides the needed accounting controls to support all adjustments.

Microsoft Dynamics GP and Management Reporter can be successfully designed to manage the consolidation process!

Request a free copy of “Consolidation design in Microsoft Dynamics GP® 2013 and Management Reporter® 2012” at Consolidation Design .