When Would You Use Management Reporting?

The management reporting feature was designed for use by companies that need to retain more than one set of financial books for legal or managerial reporting reasons.  Each set of books would collect the financial information in a different format.

For instance, you may wish to set up your system to meet the legal requirements of your government for reporting financial information.  However, your management may want to review some financial information (such as write-off transactions) in a different format.  You could use the management reporting feature to define two different sets of books, one for the government and one for management.

Please be aware that you must set up your financial system to meet the legal requirements of your government.  In some countries, you may not be able to use the management reporting option to define two sets of books.

Note:  Be sure to determine whether you need to report your financial information in more than one format before you set up the financial system.  Once you set up your system with or without managerial reporting, you can not change it without causing serious disruption in your system.