Steps: Enter Translated Beginning Balance Amounts for Alternate Ledgers Midyear
- 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 Endin the Common Financial Management functional area.
If the translated alternate ledger currency amounts are incorrect on activity lines after you roll balances forward, you can use a book code and web service to make changes.
- Create a book code.Give the book code a name such asTranslated Reporting.
- Include the book code in relevant books.Include the book code in books that you use exclusively for reporting in the relevant translation currency.Include a blank book code in any books that use theTranslated Reportingbook code.
- Create a standard journal entry.Create the journal entry using the book code and theImport Accounting Journalweb service. Enter the translation adjustment amount as the transaction currency amount in the journal.
- Use the book code when running translated reports.
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.