Reporting Currencies are integrated with ledgers. You specify the reporting currency as a part of the ledger with which you are working. Using Reporting Currency, you can maintain additional currency representations of your primary ledger at three different levels:
- Balance level
- Journal level
- Subledger level
Balance level maintains translated balances. Every time you run translation in General Ledger, balances are stored in a balance level reporting currency.
Journal level, is a currency representation of only your GL journals and balances. Every time you post a journal in GL, the journal will be converted to one or more journal level reporting currencies.
Subledger level is a complete currency representation of your subledger transactions, GL journals entries and balances.
