Projects
If you are using MRC with Projects, you must open and close periods in your primary set of books only. MRC automatically opens and closes periods in all of the associated reporting sets of books. You cannot close a period until you have posted all outstanding transactions to General Ledger in both your primary and associated reporting sets of books.
You must run each of the following processes in both your primary and reporting sets of books:
You must run each process, along with the Journal Import program and the associated Tieback process, in your primary set of books before you can run the same set of processes in your reporting sets of books. If you attempt to run any of the interface processes in your reporting set of books when you have not completed all steps for that interface process in the primary set of books, you will get an error.
See: Processes.
Interfaces to Subledgers
When you run interfaces to Receivables, Payables, or Assets, you can run these processes only in your primary set of books.
MRC Amounts in the External System
When you implement MRC, this option appears only in the Transaction Sources window for your primary set of books. Checking this option indicates that transaction amounts in your primary currency and each associated reporting currency are provided by an external system. Otherwise, Projects calculates reporting currency amounts based on the General Ledger daily rates. If you enable this option, you must populate the PA_MC_TXN_INTERFACE_ALL table with the currency conversion rates and converted amounts for all transactions originating from that transaction source.
Project Budgets
MRC does not convert project budget amounts to your reporting currencies.
See Also
Assets
Payables
Receivables
Purchasing
Cost Management
Special Considerations for Oracle Subledgers
