RE: Mapping corporate chart of accounts to statutory account structures in other countries
Hi Dandy374,
You have to be a bit careful here because some countries, such as France require a specific local COA. As a result, auditors want to see the local account numbers when you export data for taxation or auditing purposes.
What companies do often in this situation is that they setup local COA for all of their companies where a local COA is required and then map it to the global COA. The mapping can be made by a standard field in the main account form or by using financial dimensions. Another alternative is the financial report designer where no prior mapping is required but where you can do the mapping in the financial report designer.
In general there are a lot of standard ways how this mapping can be made.
What you have to clarify though is whether one of your legal entities has to use a local COA or not.
If one is needed such as for France and you use a global COA for them instead then a lot of workarounds might have to applied to get out the data in the way government agencies want them.
So, be careful and clarify beforehand with your local offices.
Best regards,
Ludwig
