Company Journals Entered in Group Currency

This section refers to accounts with currency translation code I, that use a rate ratio between local amount and converted amount from the previous year to convert a local amount entered for the actual year.

The detailed currency translation of I coded accounts is not affected as the rate ratio is calculated for each journal type and journal number. Neither is the currency translation code C affected since, when using currency translation code C, it is the converted amount that is copied, and there is no need for a local amount the previous year.

Not Detailed Currency Translation of I coded Accounts

When making a not detailed currency translation of I coded accounts, a rate ratio is calculated for each journal type. The journal type includes both journals entered in local currency as well as journals entered in group currency. To get amounts converted correctly, the company journals included in the journal type will be divided into two groups. One group for company journals entered in the local currency and one for company journals entered in the group currency. The reason for this is that the currency translation for the two groups starts from different currencies (local or group currency). The rate ratio will, as a consequence, be different for the two groups.