Detailed Currency Translation of Accounts with Currency Translation Code I
Accounts with currency translation code I in
Journals are by default converted using the average rate relationship
from the whole journal type the previous year. They can also be converted
in detail. You define whether or not you want to convert the account
using currency translation code I in detail for journals, in the general
configuration.
Non-Detailed Currency Translation
The average rate relationship between the local currency and the group currency for the whole journal type is loaded from the previous year and applied to the current journal entry by default. This means that the currency translation for each journal entry will be incorrect, while the total will be correct. In this case it does not matter if the journal numbers are changed from one year to the next.
Detailed Currency Translation
If you use detailed currency translation of accounts with currency translation code I, the rate relationship between the local currency and the group currency is loaded from the same journal entry the previous year and applied to the current journal entry.
Note: This
means that you must retain the same journal numbers from one year
to the next.