Dual Accounting

In Financials, you can use dual accounting. You can define two separate structures of ledger accounts and dimensions. One of these structures is used for fiscal reporting to the government. The other one can be used for commercial reporting to your company's management.

When you define a ledger account, you can indicate to which structure it belongs in the Dual Accounting Indicator field of the Chart of Accounts (tfgld0508m000) session:

• Statutory accounts are used for the legal reporting structure, for example, to the tax authorities.
• Complementary accounts can be used for the management reporting structure.

You can link a statutory account and a complementary account to a parent account. If you print the management report based on the parent accounts, on the report LN adds the amounts in the complementary account to the amount in the statutory accounts.