Generate Reports of Currency and Historical Rates

You can use this function to print three types of reports for a selected period and actuality.

The report types are:

  • A report on currency rates - displays the rate ratio between selected currencies and the currency to which the rates are to be related, not necessarily the base currency. The report enables you to generate reports of cross-rates.
  • A report on historical rates - displays a summary of historical rates for selected currency codes (From Currency Code and To Currency Code) and companies. This report will only include the currency codes for which there is a value stored in both the From Currency Code and To Currency Code columns.
  • A reconciliation report for historical rates that reconciles the values for the selected currency and company. Reconciliation takes place between what is entered in the register of historical rates (in the From Currency Code column) and the period values. Period values can be reported values, company journals or group journals.

    The Reconcile Historical Rates report shows two difference columns: Actual Difference and Adjusted Difference. The Actual Difference is the difference between values including signs. The Adjusted Difference is the difference between absolute amounts, excluding signs. If you do not want to enter values with signs in the historical register, for example with minus for cost accounts, we recommend that you use the adjusted difference column. However, if you are accurate with signs, we recommend that you use the actual difference column.

    You can print the Reconcile Historical Rates report with the detailed or condensed settings. In the condensed report, the reconciliation takes place by company, account and currency. In the detailed report, reconciliation takes place at a detailed level, that is, if appropriated by dimension, counter company, journal type and journal number. By selecting one of the relevant check boxes, it is also possible to produce a report that only displays any occurring differences.

Procedure

  1. On the Group menu, click Reports/Currency and Historical Rates. The Reports - Currency and Historical Rates window opens.
  2. Select the report or reports you want to generate:
    • Currency Rates: Select this option to generate a report of currency rates that shows the rate ratio between selected currencies and the currency the rates should be related to. If you choose this report, enter the appropriate selections for Currency Code and Rates Relates to. The Rates Relates to option enables you to generate reports of cross-rates. Then go to step 6.
    • Historical Rates. Select this option to generate a report of historical rates that shows a summary of historical rates for selected currency codes (From Currency Code and To Currency Code) and companies. This report will only include the currency codes that have values for both From Currency Code and To Currency Code. From Currency and To Currency codes are matched. This means that the rate relation will only be included in the report where values exist for both currencies. You can select more than one currency code. Then go to step 6.
    • Reconcile Historical Rates. Select this option to perform a reconciliation of all accounts using historical rates (E, F and G codes) for the amounts entered in the historical currency register and the amounts entered as period values. Reconciliation will be made for currencies depending on the selected currency in the From Currency Code text box. The report shows two difference columns: Actual Difference and Adjusted Difference. Actual Difference is the difference between Period values (including signs) and values entered in the Historical register (also including signs). Adjusted Difference is the difference between the absolute amount (excluding signs) of Period values and the absolute amount (excluding signs) of values entered in the Historical register. If you choose this report, you also have to enter Options for step 3, 4 and 5.
  3. (Only for Reconcile Historical Rates) Select the level of detail to present the report in:
    • Detailed: The reconciliation will be performed by extended dimension, counter company, journal type and journal number.
    • Condensed: The reconciliation will be performed on company and account level.
  4. (Only for Reconcile Historical Rates) If you want to exclude rows where the differences are zero, select one of the Hide Rows check boxes.
    • Hide rows where Actual Differences are zero: Check this box if you only want to include rows with differences (including signs) between period values and values entered in the historical register.
    • Hide rows where Adjusted Differences are zero: Check this box if you only want to include rows with differences between the absolute amount (excluding signs), of period values and values entered in the historical register.
    • Hide rows where both Actual and Adjusted Differences are zero: Check this box if you want to exclude rows that are zero for both the Hide rows where Actual Differences are zero and the Hide rows where Adjusted Differences are zero columns.
  5. (Only for Reconcile Historical Rates) If you want to have a report layout suitable for large numbers, select the Use Alternative Layout for Large Numbers (>9 digits).
  6. Enter the actuality and period range you want to print the report for. To print the report for only one period enter the same period in the From Period and To Period text boxes.
  7. Click the Preview button to generate the report.