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Financial Reporting- Dual Trial Balances

  • March 20, 2023
  • 2 replies
  • 154 views

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Hi Team,

 

Will IFS be able to support and accommodate the dual trail balances for GAAP vs IFRS reporting?

If yes, how this can be done.

 

Thank you in advance.

Best Regards,

Rakesh

Best answer by Furkan Zengin

Hi @Rakesh 

 

You can define internal ledgers and manage dual trial balance issue.

See my reply in the below post. It should give you idea how to define and manage internal ledger.

 

How can I do IFRS reporting? | IFS Community

 

Hope this helps

2 replies

Furkan Zengin
Ultimate Hero (Partner)
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  • Ultimate Hero (Partner)
  • Answer
  • March 20, 2023

Hi @Rakesh 

 

You can define internal ledgers and manage dual trial balance issue.

See my reply in the below post. It should give you idea how to define and manage internal ledger.

 

How can I do IFRS reporting? | IFS Community

 

Hope this helps


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  • Author
  • Sidekick (Partner)
  • March 20, 2023

Thank you so much @gumabs 

Best Regards,

Rakesh