For IFRS regulations, we need to have Dual accounting in Navision. This means, beside the normal local G/L accounts, there should exist a number of extra ‘Group accounts’ which should be kept outside the normal closing of booking periods (the bookings shouldn’t be part of the result for the local company).
We are thinking of two possible solutions:
- Extend the field ‘Income/Balance’ with two extra types: ‘Statistical Income Statement’ and ‘Statistical Balance Sheet’. The code responsible for closing periods should keep these extra accounts outside the calculation of the (local) result.
- Copy the local company to a second company yearly, and do the Group postings in this company.
Both solutions have their advantages and disadvantages. Does anyone has experience with this subject, or are there possible other solutions available?