Rounding of Difference in Currency translation task

[Former Member]

Dear All,

i am using the rounding method 3500. details are as below.

Step 1: BS items: all BS items inclusive of the Rounding difference item (500012: BS Rounding off ) and exclusive of 107520: BS Clearing item.

Step 2: PL Items: all PL Items inclusive of 390000: PL profit CY(PL Item) (difference of all pl items and using as rounding of difference for PL items) and exclusive of 399999: PL Clearing a/c.

When i run the currency translation task, system posting the 399999 currency diff to 390000 and 107520 to 500012.

When i run the consolidation FS report, there is increase in profit in 390000 and balance in 500012. till the previous period there is no effect in those two FS items. only the balance in 105061 which is FCTR FS Item (it is BS item).

Is there any option so that i need not post the difference of 107520 to 500012.

Can any suggest me how to get the result like i used to get till previous period.

Note: No configuration has been changed.

Thanks and Regards,

G Vinod

[dan_sullivan · Accepted solution]

In my experience, the typical rounding is:

1. include BS clearing (current year retained earnings) and P&L clearing (income summary) with differences to BS clearing item

2. all ncome statement items including P&L clearing item with difference to some income statement expense item

3. all BS items including BS clearing with difference to BS item such as CTA (currency translation adjustment)

This has always worked for me. It is therefore suggested you try this method.

[Former Member · Accepted solution]

Hi DAN,

Thank you for the reply

problem solved

Thanks and Regards,

G Vinod

[dan_sullivan · Accepted solution]

It would be most appreciated if you would please provide details of the resolution for all forum users to see.