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Administrator Guide
Last Updated: 2024-03-08
Roll Translated Beginning Balances Forward

Roll Translated Beginning Balances Forward

  • Complete roll forward year-end balances to create beginning balance journals.
  • Enter the translated beginning balance amounts for ledger accounts that don't have translated balances. Workday requires this step if the account has a historic type translation method that uses historic translation amounts, with a new combination of company and translation currencies.
  • Security:
    Process: Close Year End
     domain in the Common Financial Management functional area.
As part of the year-end roll forward process, you can roll forward the translated balances to establish translated beginning balances for the new primary or alternate ledger period. If your company has a an alternate ledger that you report in a different currency to the ledger's designated currency, you can also use this task to obtain translated beginning balances for that alternate ledger.
  1. Access the
    Roll Forward Translated Beginning Balances
     task.
  2. As you complete the task, consider:
    Option Description
    Company
    Determines the translation currencies, based on the translation currencies you configured in the company accounting details.
    Fiscal Year
    Select a year for which you've already rolled forward year-end balances.
    For multiple fiscal schedules, roll forward the translated beginning balances for both primary and alternate fiscal schedules.
    Roll Forward Ledger Option
    Select to roll forward:
    • All Ledgers
    • Alternate Ledger Only
    • Primary Ledger Only
    This prompt only displays when an alternate ledger exists for the selected
    Company
      and
    Fiscal Year
    . When left blank, Workday rolls forward all available ledgers.
    Ledger Accounts
    Select from ledger accounts with beginning balances as of January 1 of the
    Fiscal Year
     you select.
Workday sends you My Tasks notifications when the process completes.
To see the translated beginning balances for specific worktags or book code for the primary ledger, run the
View Beginning Balance Translation Amounts
 report.
To see the translated beginning balances for the alternate ledger, refer to Ledger Year Beginning Balances versus Prior Year Ending Balances Report.
If there's a translation variance, you can correct it by manually entering the translated beginning balance for the ledger accounts.
For accounts with a zero ledger balance, use the
Put Beginning Balance Translation Amounts
 web service to enter the corrected translated beginning balances.
Calculate changes to retained earnings by adding these translated balances:
  • Prior year retained earnings (the beginning balance of the prior fiscal year).
  • Ending balances of the profit and loss accounts (as of the last day of the prior fiscal year).