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Note: A reporting set of books is a financial reporting entity that is associated with a primary set of books. The reporting set of books has the same chart of accounts and accounting calendar as the primary set of books, but usually has a different functional currency.

For example, assume that your company headquarters is located in Australia and that its primary functional currency is Australian Dollars (AUD). Assume also that you have one subsidiary each in Canada and Germany, both of which maintain a primary set of books in its local functional currency -- Canadian Dollars (CAD) for the Canadian subsidiary and Deutsche Marks (DEM) or the Euro (EUR) for the German subsidiary. Each subsidiary should maintain a reporting set of books in AUD, so it can analyze and report transactions using the parent's functional currency.

For each reporting set of books you define, you need to specify it as a reporting set of books on the Set of Books window, using the Reporting Currency Options alternative region.

See:	Defining Sets of Books

Other Considerations

   If your primary set of books is defined as an average balances consolidation set of books, any associated reporting sets of books must also be defined as average balances consolidation sets of books.

   If you use combined basis accounting with Oracle Payables, you will have two Payables sets of books (primary and secondary). One will be for accrual basis accounting and the other will be for cash basis accounting. If you want to report Payables transactions in your reporting currencies for each accounting basis, you must define a reporting set of books for each.

Other Set of Books Options

The following table summarizes the set of books options and provides guidance for setting them in your reporting sets of books.

Set of Books Option	Recommended Setting in Reporting Sets of Books
Functional Currency	Different from primary set of books unless you have a specific reason for using the same functional currency in both sets of books (see Note below)
Allow Suspense Reporting	Same as primary set of books.
Balance Intercompany Journals	Same as primary set of books.
Enable Average Balances	Same as primary set of books only if you want to inquire and report average balance transactions in your reporting currency.
Enable Journal Approval	Same as primary set of books only if you want journals created directly in your reporting set of books to be processed through your organization's approval hierarchy.
Enable Journal Entry Tax	Same as primary set of books. If it is not the same, you will not be able to view tax details when you inquire on journals in your reporting set of books.
Accounts	Same as primary set of books.
Average Balance Options: Consolidation Set of Books	Must be the same as primary set of books.
Enable Budgetary Control	You cannot enable for reporting sets of books.
Require Budget Journals	Same as primary set of books if you want to require that budget journals be used to enter budget amounts in your reporting set of books.
Table 1 - 2. (Page 2 of 2) Other Set of Books Options

Note: In some circumstances, you may want to use the same functional currency for both your primary and reporting sets of books. For example, for financial or currency management. You can apply different revaluation options in the primary and reporting sets of books, providing different financial information for each set of books.