Enter Historical Rates for Investments

In this function you have the possibility to enter a fixed, historical currency rate for entered investment amounts.

Note:
  • The historical rates entered here will override the defined currency translation code for the current account, which is defined in the Define Account Structure window.
  • If you have entered a historical rate on one transaction, updating a certain account through configuration tables of the General Configuration - Reconcile tab, you need to make sure that you have historical rates on all transactions updating that account on the company in question.
  • Storing investment elimination template in the local currency: It is important to enter a local amount for the Investments in Subsidiaries accounts. Otherwise, the system will not be able to calculate the conversion differences on the accounts for Investments in Subsidiaries. All accounts regarding Share Capital also has to be included in the control table for automatic journal E150.
  • When storing investment elimination templates in the group currency it is important to enter the local amount for the share capital accounts in the Historical Rates window. Otherwise, the system will not be able to calculate the conversion difference on the account Share Capital. To be able to analyze the conversion difference from investment date on the rest of the investment elimination template you need to enter a local amount for these accounts as well. All accounts also need to be included in the control table for automatic journal E150.

Instead of entering a currency rate, you enter the amount you want your investment amount to be converted to in a specific currency.

Procedure

  1. On the Group menu, click Data Entry/Shareholdings and Investments in Group Companies.
  2. Make your selections and click the Open button to display the investments. Select one of the investments and click the Investment Elimination Template button. The Investment Elimination Template window opens.
  3. In the Investment Elimination Template window, select the row you want to enter a historical rate for and click the Historical Rates button on the right-hand side toolbar to open the Historical Rates window.
  4. Enter the currencies and historical amounts for the investment accounts.
  5. Click Save and Close to return to the Investment Elimination Template window.