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In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. Use dimension values to capture your business transactions, operational measures, and budgets in GeneralLedger.
Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple generalledger systems, and mapping it to a centralized chart of accounts. GAAP or International Financial Reporting Standards (IFRS). This includes the following: Foreign currency translation. Elimination of intercompany transactions and balances.
Generalledger accounting. The data in an ERP system is typically summarized in the generalledger module. These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS.
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