Re: GL translation question

Not sure if you know anything about consolidation or not but basically 
what you are wanting to do is a consolidation with currency translation. 
What you need to do is as follow:

Define the consolidation company relationship using F10 on the 3rd screen 
of the G/L company maintenance. 
If you are using the same accounts you will not have to map the accounts 
but you cannot post to target accounts that are post inhibited so you need 
to determine how to set that up.
You will need to decide whether any subledgers will be 
consolidated/translated or whether you just want high level accounts.
You need to also decide on the rate codes to use in the translation. There 
are accounting rules involved here so you will need to get input from your 
accounting staff.

The first consolidation/translation will post year/balance to date and 
will thereafter need to be posted month by month.  You can run the option 
more than once a month but you cannot go backwards in time.

In conclusion, if you know consolidation, you will need to get some 
assistance  on the accounting aspects, otherwise you may want to contact 
Geac for some help.

Richard Caldicott
Director of Implementations
& Efficiency
Tandy Brands Accessories
817-548-0090 extn 146



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07/05/2005 05:38 AM
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[SYSTEM21]   GL translation question






Dear List,
 
We are planning to setup a company in GL based on an existing company
but using a different currency. I would like to know if ther is an
existing feature in S21 where we can translate all source transactions
to a target company. We tried using 31/GLC but got a report with a
message 'No translation journal was required'. What setups required at
company level and COA level?  Please advise. Thanks.
 

Mona 

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