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Administrator Guide
Last Updated: 2023-06-23
Troubleshooting: Reconcile Currency Translation Adjustment Accounts

Troubleshooting: Reconcile Currency Translation Adjustment Accounts

Your current configuration in your tenant is preventing Workday from reconciling currency translation adjustment (CTA) accounts.
  1. Configure the
    Set Up: Consolidation
     domain in the Financial Accounting functional area.
  2. Access the
    Maintain Elimination Rules
     task.
  3. In the
    Investment in Subsidiary/Subsidiary Equity (To Be Retired)
     tab, use these configurations so that Workday can reconcile the CTA account:
    Option Description
    Segregate CTA and Suspense for Consolidation
    Select for multicurrency transactions.
    Investment in Subsidiary Ledger Accounts/Summaries
    Create a new ledger account for the manual entries that you want to make to the CTA account.
    Don't:
    • Combine manual entries with entries derived from the account posting rules.
    • Include accounts that you assign to the translation gain or translation loss account posting rule set.
    Subsidiary Equity Ledger Accounts/Summaries
    Create a new ledger account for the manual entries that you want to make to the CTA account.
    Don't:
    • Combine manual entries with entries derived from the account posting rules.
    • Include accounts in your year-end closing rules.
    NCI Source Ledger Accounts/Summaries
    Select the same accounts as in the
    Subsidiary Equity Ledger Accounts/Summaries
     field.
    Leave blank if there are no noncontrolling interest (NCI) transactions.
    Don't include accounts that are in your year-end closing rules.
    NCI Portion of Equity
    Leave blank if there are no NCI transactions.
    Variance Ledger Account
    Select a unique variance suspense account for each elimination rule.