Options to do statutory reporting
We would like to find out how other companies are doing to accomodate for statutory reporting. For example, we have a France company code which needs to make monthly adjustments to some accounts to accomodate for their statutory reporting.
Currently, we know of 2 options to do this:
1. Create another France company code and have them post the statutory adjustments in this company code only. All other postings (ie. US GAAP) are done in the main France company code. So then for the statutory reports, they will combine data from these 2 company codes.
2. Create a group of account numbers within the global chart of accounts to be used specifically for France statutory adjustments. These accounts can be of a different acct number length so that it can be easily differentiated. For example, if 600000 is labor for US GAAP, 9600000 is labor for France statutory adjustment. This way, only one company code is needed for France.
Do any of you know of another way (maybe an easier or more efficient way) of doing this?
thank you,
Lanny
Saritha,
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In BI 7 BEx Browser is replaced with Information Broadcasting.
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I want to know that whether the statutory reports and returns to be submitted in india is available in India or we have to customize and develop one.
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Apart from Form 16, Form 24 Form 217(A).. there are many statutory reports to be maintained...
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