Entering Translation Currency Steps Concept Entering Translation Currency

Entering Translation Currency Steps Concept

Entering Translation Currency Steps

Entering Translation Currency Steps Step 1 Begin by navigating to the Ledger page. Click the Scroll Down button.

Entering Translation Currency Steps Step 2 Click the General Ledger menu.

Entering Translation Currency Steps Step 3 Click the Process Multi. Currency menu.

Entering Translation Currency Steps Step 4 Click the Define and Process menu.

Entering Translation Currency Steps Step 5 Click the Translation Steps menu.

Entering Translation Currency Steps Step 6 Click the Add a New Value tab.

Entering Translation Currency Steps Step 7 Click in the Process Step field.

Entering Translation Currency Steps Step 8 Enter the desired information into the Process Step field. Enter "TRANS_MB".

Entering Translation Currency Steps Step 9 Click the Add button.

Entering Translation Currency Steps Step 10 Use the Ledger page to specify the source and target ledger group and the ledgers for a translation step.

Entering Translation Currency Steps Step 11 Use the Effective Date field to specify the date from which this translation step is valid. The system automatically populates this field with the current system date. For this example, accept the default value.

Entering Translation Currency Steps Step 12 Use the Status list to select the status of the translation step. The status can be Active or Inactive.

Entering Translation Currency Steps Step 13 Use the Descr field to specify a short description for this process. Limit this description to 30 characters. Click in the Descr field.

Entering Translation Currency Steps Step 14 Enter the desired information into the Descr field. Enter "Translation".

Entering Translation Currency Steps Step 15 You can enter a longer description of the step in the Description field. For this example, we entered it for you.

Entering Translation Currency Steps Step 16 Use the From Ledger Group field to specify the ledger group that needs to be translated. Click in the From Ledger Group field.

Entering Translation Currency Steps Step 17 Enter the desired information into the From Ledger Group field. Enter "RECORDING".

Entering Translation Currency Steps Step 18 Use the From Ledger field to specify the ledger name that needs to be translated. You can translate any type of ledger in a group, including secondary, primary, and translation ledgers. Click in the From Ledger field.

Entering Translation Currency Steps Step 19 Use the From Ledger field to specify the ledger name that needs to be translated. You can translate any type of ledger in a group, including secondary, primary, and translation ledgers. Enter the desired information into the From Ledger field. Enter "LOCAL".

Entering Translation Currency Steps Step 20 Use the Target Ledger Group field to specify the name of the target ledger group that will receive the translation results. Click in the Target Ledger Group field.

Entering Translation Currency Steps Step 21 Enter the desired information into the Target Ledger Group field. Enter "TRANSLATE".

Entering Translation Currency Steps Step 22 Use the From Currency Type field to select one of the following values: • L (ledger base currency): The system uses the base currency of the From ledger. • S (specify): Specify a value in the From Currency field. Translation translates to the base currency of the target ledger and populates both the foreign amount and the monetary amount in the journal, which in turn populates the POSTED_TOTAL_AMT and POSTED_BASE_AMT in the translation ledger. These two fields always are the same in the ledger. That is, the foreign currency and the base currency will always be the same for the journals posting to this ledger.

Entering Translation Currency Steps Step 23 If you selected S (specify) in the From Currency Type field, then select or enter a currency code in the From Currency field.

Entering Translation Currency Steps Step 24 Click the Rule tab.

Entering Translation Currency Steps Step 25 Use the Rule page to specify the translation rules to use in this step.

Entering Translation Currency Steps Step 26 Use the Translation Rule field to specify a translation rule for the translation step. Click in the Translation Rule field.

Entering Translation Currency Steps Step 27 Enter the desired information into the Translation Rule field. Enter "ASLI_CRRNT".

Entering Translation Currency Steps Step 28 Click the Add row button.

Entering Translation Currency Steps Step 29 Enter the desired information into the Translation Rule field. Enter "EQ_HIST 1 A".

Entering Translation Currency Steps Step 30 Click the Add row button.

Entering Translation Currency Steps Step 31 Enter the desired information into the Translation Rule field. Enter "REVEXP_AVG".

Entering Translation Currency Steps Step 32 Click the Add row button.

Entering Translation Currency Steps Step 33 Enter the desired information into the Translation Rule field. Enter "RE_HISTRE".

Entering Translation Currency Steps Step 34 Click the Output and Journal Options tab.

Entering Translation Currency Steps Step 35 Use the Output and Journal Options page to specify whether People. Soft General Ledger automatically posts translated amounts to the ledger or generates journal entries for subsequent posting.

Entering Translation Currency Steps Step 36 Use the Journal ID Mask field to specify the ID according to the journal naming convention. Enter the desired information into the Journal ID Mask field. Enter "TRNS".

Entering Translation Currency Steps Step 37 Click in the Description field.

Entering Translation Currency Steps Step 38 Enter the desired information into the Description field. Enter "Translate Ledger".

Entering Translation Currency Steps Step 39 Use the Source field to specify the source of the journals from the Source table. Click in the Source field.

Entering Translation Currency Steps Step 40 Enter the desired information into the Source field. Enter "MCP".

Entering Translation Currency Steps Step 41 If you enabled People. Soft Document Sequencing in your system, select a predefined Document Type for your revaluation journals. Document sequencing requires that you have a document type for all of the journal entries that you create. Click in the Document Type field.

Entering Translation Currency Steps Step 42 Enter the desired information into the Document Type field. Enter "FSTRS".

Entering Translation Currency Steps Step 43 Select the Create Journal Entries option to create journal entries with a header status of V = Valid that can be posted automatically as part of revaluation processing or through normal posting methods. Select the Post Journal(s) option along with this option to automatically post the journals created. Click the Create Journal Entries option.

Entering Translation Currency Steps Step 44 Because values being processed are from previously edited data in ledger tables, journal entries are created with a valid status. However, you can submit journal entries created by revaluation to the journal edit process to be validated for such things as changes to combination edits or inactivated Chart. Fields. You then can review the journals using journal inquiry after you edit them. To restrict further activity for inactive accounts that have balances, bypass journal edit and post translation journals for these accounts. Deselect the Edit Journals option to bypass journal edit. The multicurrency process handles the multibook processing features within journal edit for these journals. Click the Edit Journal(s) option.

Entering Translation Currency Steps Step 45 Use the Chart. Field field to specify chartfields you want to include in the journal entries. Click the Chart. Field list.

Entering Translation Currency Steps Step 46 Click the Account list item.

Entering Translation Currency Steps Step 47 Click the Gain and Loss Chartfields tab.

Entering Translation Currency Steps Step 48 Use the Gain and Loss Chartfields page to specify the accounts for which you want to record translation gain or loss.

Entering Translation Currency Steps Step 49 Use the Chart. Field field to specify the chartfields to include in the revaluation gain or loss journal entries. Click the Chart. Field list.

Entering Translation Currency Steps Step 50 Click the Account list item.

Entering Translation Currency Steps Step 51 Click in the Chart. Field Value field.

Entering Translation Currency Steps Step 52 Enter the desired information into the Chart. Field Value field. Enter "315000".

Entering Translation Currency Steps Step 53 Click the Chart. Field list.

Entering Translation Currency Steps Step 54 Click the Account list item.

Entering Translation Currency Steps Step 55 Click in the Chart. Field Value field.

Entering Translation Currency Steps Step 56 Enter the desired information into the Chart. Field Value field. Enter "315000".

Entering Translation Currency Steps Step 57 Click the Save button.

Entering Translation Currency Steps Step 58 You successfully defined a translation currency step. End of Procedure.