Uses of report currencies in Lawson® Multi-Book Ledger

The Multi-Book Ledger (ML) application enables you to create parallel ledgers attached to a General Ledger company. You can post adjusting entries to the ledger company and create reports that combine the General Ledger company data with the ledger company data.

A ledger company inherits its base and reporting currencies from the General Ledger company and uses the same currency setup. The reporting currencies work exactly the same in General Ledger and Multi-Book Ledger. When you enter a non-base ledger company journal entry, the transaction amount is immediately exchanged to the report currency amount, using the same rate of exchange as the General Ledger company. Multi-Book Ledger provides revaluation and translation programs that work exactly the same as the General Ledger revaluation and translation programs. But the results of the revaluation and translation apply only to the ledger company.