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#54731 - 04/22/21 04:10 AM Sage 300 to tackle IFRS 17
Seisa Tjela

Registered: 03/21/05
Posts: 636
Loc: Lesotho; Southern Africa
A client presently using Sage 300 is going to be affected by a new IFRS 17 standard which replaces IFRS4. In order to test the effects of the new IFRS 17 they need to maintain multiple General Ledgers as follows:

a. To continue to run the IFRS 4 general ledger in parallel for some time while implementing IFRS 17. Then would need to switch over.
b. IFRS 17 general ledger which will not be initially live will be needed until we decide to go live.
c. Complexity of different year ends would need to be considered. December year ends would have two ledgers a June one and a December one.

Since Sage 300 does not support multiple GLs, what workaround can one use in order to meet this requirement?

"The greatest test of courage on earth is to bear defeat without losing heart."

#54732 - 04/22/21 04:12 AM Re: Sage 300 to tackle IFRS 17 [Re: Seisa Tjela]
Jay Converse Administrator

Registered: 07/31/00
Posts: 7790
Loc: Location, Location
GL Consolidations module
Jay Converse
Sage 300 Whisperer

#54788 - 05/20/21 11:36 PM Re: Sage 300 to tackle IFRS 17 [Re: Seisa Tjela]

Registered: 05/18/21
Posts: 2
Loc: France
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Edited by Denise16 (05/20/21 11:37 PM)

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