Hi Team,
We are implementing three different companies with different base currencies in a tenant. We have enabled “Multi base currencies” setup for this activity. Three companies will have three different Chart of accounts. Here, my question is how to set up the preferences form specific to the three companies.
Awaiting for your valuable reply,
Thanks,
Nithya
Best answer by Kandy Beatty
View original
+16
Hi
Are each of the companies going to have separate currencies? You can set each one up with their own base currency.
Ensure that your currencies are Active:
You can change them on the actual Sales Order:
Hi
Referring to above point, can we have 3 different sets of chart of account for each different base currencies (USD, SGS, MYR) companies?
Thanks.
+8
Why do you want 3 sets of accounts? They all can use the same chart. The only accounts that will require assigning Base Currency are Cash GL Accounts.
Hi
Thanks for your reply.
one of our prospect has asked whether we can have 2 different sets of GL account or not ?
Thanks
+8
The short answer is NO. Each tenant can have only one set of GL Accounts which not only is not a shortcoming but a huge benefit. Its concept is not different than having one set of customers, vendors, … in each tenant.
The long answer is I do not believe anyone really needs more than one set of GL Accounts. If a prospect is asking for it our job is to understand what is the reason behind it. So can you explain why two sets of GL accounts are needed and why they are different and what are the differences?
If there are specific accounts that only can be accessed by certain companies, then Row-Level security and user groups security is the solution.
If you want such a thing then you will need two tenants but you will lose a huge advantage over InterCo and also you must maintain 2 sets of master records for everything.
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