Translation with Multi-Book Ledger

A ledger company inherits the translation setup of the General Ledger company it is associated with. Multi-Book Ledger provides both report currency translation (intracompany) and currency translation (intercompany). Multi-Book Ledger uses the same translation codes and translation rates as the General Ledger company. Multi-Book Ledger provides its own translation programs, which translate only ledger company data. The Multi-Book Ledger translation programs work in exactly the same manner as the General Ledger translation programs.

When you produce Multi-Book Ledger financial statements in report currency, the Multi-Book Ledger report pulls the translated amounts from the ledger company and combines them with the translated amounts from the General Ledger company.