Viewing Translation Currency Balance Rules Concept Viewing Translation

Viewing Translation Currency Balance Rules Concept

Viewing Translation Currency Balance Rules

Viewing Translation Currency Balance Rules Step 1 Begin by navigating to the Time. Span and Rate page. Click the Scroll Down button.

Viewing Translation Currency Balance Rules Step 2 Click the General Ledger menu.

Viewing Translation Currency Balance Rules Step 3 Click the Process Multi. Currency menu.

Viewing Translation Currency Balance Rules Step 4 Click the Define and Process menu.

Viewing Translation Currency Balance Rules Step 5 Click the Translation Rules menu.

Viewing Translation Currency Balance Rules Step 6 Click in the Translation Rule field.

Viewing Translation Currency Balance Rules Step 7 Enter the desired information into the Translation Rule field. Enter "ASLI_CRRNT".

Viewing Translation Currency Balance Rules Step 8 Click the Search button.

Viewing Translation Currency Balance Rules Step 9 Use the Time. Span and Rate page to define Time. Spans and rates for a translation rule.

Viewing Translation Currency Balance Rules Step 10 Use the buttons at the top to Copy, Rename, or Delete the rule.

Viewing Translation Currency Balance Rules Step 11 Use the Effective Date field to define the date from which this translation rule is valid. Using a date far in the past ensures that this rule will be available for any record that may need to use it.

Viewing Translation Currency Balance Rules Step 12 Use the Status list to select a status for the translation rule. Available values are Active or Inactive.

Viewing Translation Currency Balance Rules Step 13 People. Soft General Ledger generates journal entries whose amounts represent the time period indicated by the Time. Span field for the translation rules being processed. The timespans normally used are YTD (profit and loss accounts) and BAL (balance sheet accounts). Using these timespans, the system sums the account balances in periods 1 through n for profit and loss accounts and periods 0 through n for balance sheet accounts.

Viewing Translation Currency Balance Rules Step 14 Use the Rate Type field to specify the type of exchange rate.

Viewing Translation Currency Balance Rules Step 15 Click the Chartfields tab.

Viewing Translation Currency Balance Rules Step 16 Use the Chartfields page to specify Chart. Fields for the translation rule.

Viewing Translation Currency Balance Rules Step 17 Use the Chart. Field field to select the Chart. Field (Account) to be translated using the Time. Span and rate type specified. For example, assets and liabilities are typically translated as balances (BAL) at the current exchange rate (CRRNT), while retained earnings are translated at an historical exchange rate (HSTRE).

Viewing Translation Currency Balance Rules Step 18 Use the How Specified group box to define how the values will be specified. For example, list your asset accounts individually by selecting the Selected Detail Values option or, more likely, select the Selected Tree Nodes option. The latter option activates the Tree Information fields, where you can specify a tree from which to select nodes.

Viewing Translation Currency Balance Rules Step 19 If you use tree nodes, use the Tree Information region to enter each tree node; entering a level is optional. If the tree has levels, you can limit prompting in this field to selected levels. Using trees establishes rollups for the account values so that you can select particular types of accounts according to the structure of your business unit. We recommend that you use trees whenever possible to reduce future maintenance when your Chart. Field values change.

Viewing Translation Currency Balance Rules Step 20 Use the Chartfield values / Tree nodes area to select appropriate chartfield value and tree node information. Click View All to view more Chartfield values.