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Administrator Guide
Last Updated: 2023-06-23
Steps: Enter Translated Beginning Balance Amounts for Alternate Ledgers at Year-End

Steps: Enter Translated Beginning Balance Amounts for Alternate Ledgers at Year-End

  • Set up the translation rule set.
  • Roll forward year-end balances for the preceding fiscal year to create beginning balance journals.
  • Security:
    Process: Close Year End
     in the Common Financial Management functional area.
If the translated beginning balances are incorrect after rolling year-end balances forward, you can use an EIB to make changes.
  1. Select the
    Put Beginning Balance Translation Amounts
     web service as the
    Web Service Operation
    .
  2. Generate an EIB spreadsheet template with beginning balance translation amounts data. When entering beginning balance data for the first time, you must add your data to the template by specifying a reference ID. Example: You want to specify the reference ID of a company. To find the company reference ID, select
    Integrations IDs > View IDs
     from the related actions menu of the company.
    When you don’t enter a beginning balance journal reference ID (found through the related actions menu of the original beginning balance journal), the web service returns all existing translated beginning balance lines in the tenant.
You can now run financial reports for the company in the translation currency using the translated beginning balance amounts that you entered for each currency.