How to find the Reporting Ledger being used for GP
Open the General Ledger Setup window.
(Financial >> Setup >> Financial >> General Ledger)
Here is some more information on this window as well:
- Mark whether to allow reporting ledgers.
Note
Allowing reporting ledgers is a permanent selection after you save your changes by clicking OK. You cannot unmark Allow Reporting Ledgers later.
When you mark this option:
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- The reporting ledger types Base, IFRS, and Local become available for the selected account. Later, transactions for this account can be assigned to one of these reporting ledger types. For more information on assigning a transaction to a reporting ledger type, see Chapter 18, “Standard and reversing transactions.”
- You can change the description for each reporting ledger type.
- When you mark this option, the Account Balance for Subsidiary Windows list becomes active. This list lets you decide which reporting ledger types are used to calculate account balances that appear in Microsoft Dynamics GP modules other than General Ledger.
If you do not mark this option, all transactions for the selected account are assigned to the Base ledger.
Definitions of the reporting ledger types:
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- Base represents the base ledger, where the transactions can be applied for both local and IFRS accounting. All transactions originating sub-ledger modules are applied to the base ledger by default.
- IFRS represents the IFRS ledger, where the transactions can be applied for IFRS accounting.
- Local represents the local ledger, where the transactions can be applied for local accounting.
The local and IFRS ledger types allow you to enter similar transactions and assign them to a specific reporting ledger, which can vary because the accounts or amounts might differ on the accounting rules that are applied when determining the accounting transaction.