Multibook

The multibook feature for PeopleSoft General Ledger and its feeder systems enables you to use multiple base currencies, each in the form of a ledger that is defined for a business unit. Each ledger may have its own base currency, or it may inherit the base currency from the General Ledger business unit. In a multibook environment, you can post a single transaction to all base currencies (all ledgers) or to only one of those base currencies (individual ledger). For example, you can carry one set of books in your local (functional ) currency and another set of books in the currency of your parent organization (reporting) currency. The translation to a reporting currency is in realtime. So, you do not have to run the translation process at month end, but you can still use the process to get the translated result at month end if you choose to do so.

You can use a secondary multibook ledger as a currency translation ledger within a ledger group. The currency translation ledger functions as your reporting ledger by maintaining realtime balances for all accounts in the specified currency during the accounting period. At the end of the accounting period, you can run the Translate Within Ledger process to generate a translation adjustment within the multibook currency translation ledger for selected accounts. This enables you to maintain the realtime balance for certain accounts in the ledger.

PeopleSoft software maintains currency translation ledgers differently from the way it maintains other secondary ledgers within a multibook ledger group. Typically, when a transaction is posted to a multibook ledger group, the system uses the foreign currency amount of the primary ledger as the transaction amount of the secondary ledger. However, currency translation ledgers use the base currency amount of the primary ledger as the transaction amount.