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France/Germany/Belgium localization for Stat accounts

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Posted on by Kumar_Sat

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We have our shared chart of accounts and we'd like to continue with it, now what is the best method to accommodate Statutory accounts in GL, how have you achieved it? I see Microsoft recommends using Stat accounts as the chart of accounts, as financial dimensions etc. but what is the method European companies follow, please advise.

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Ramit Paul 22,809 Most Valuable Professional on at

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Hi,

Stat as different dimensions are the best practices to follow.

Also if the volume is low you can use a different layer for this requirement with same coa but those won't come to your trial balance instead those can be extracted by running a TB with different layer.

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