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 Moderators: Brendan O'Brien & Nathan Genez

SDN Forums > Financials


This page will cover all of the items related to the New General Ledger (NewGL)

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1 Comment

  1. Unknown User (imwo95f)

    New General Ledger actually means the new functionality of additional ledgers that can be used for reconciling entries to comply with a different reporting standard (bases of accounting). Three standards, in particular, seem immediately applicable:

    1. Local (United States) GAAP
    2. International (Financial Reporting Standard)
    3. Legal or (federal income) Tax basis