Ledgers & Principles
One book per set of rules, the rates they translate at, and the same account under every principle side by side.
13 steps · 10 questions · 6 screens on this shelf
The screens on this shelf
Records
Ledgers
One book per set of rules. The leading ledger is what operations post to; a delta ledger holds only where another principle disagrees — never a second full copy.
Open
Records
Accounting Principles
The rulebooks: IFRS, US GAAP, a local statutory basis, a tax basis. What each says about leases, revenue and inventory is what makes a second ledger necessary.
Open
Records
Ledger Assignments
Which companies keep which ledgers, and in what functional currency.
Open
Records
Currencies
What a currency is, so 1,234 JPY is not shown with two decimals and a rate cannot be entered two orders of magnitude out.
Open
Records
Exchange Rates
What a currency was worth on a date, per rate type. A balance sheet translates at closing and a P&L at average — using one for both is the commonest consolidation error there is.
Open
View
Multi-GAAP Comparison
The same account under every principle, side by side, with the difference against the leading ledger. One query, because assembling it two ways on two screens is how two GAAP numbers come to exist.
Open
Progress is kept in this browser only — it is not sent anywhere and nobody else can see it.