Run a Currency Translation

You can convert currency for all values from the local to the group currencies.

This function will be performed automatically if you run Consolidate With Status. For more information on currency translation, see General Information on Currency Translation.

Procedure

  1. On the Group menu, click Consolidate By Steps/Currency Translation. The Currency Translation window opens.
  2. Enter the actuality and period range you want to perform the currency translation between.

    The selection of periods in the currency translation selection field affects which companies or groups that will be available in the company field and how (to which currencies) the company will be currency converted. Validation is made against the Define Company Structure menu. If you select a range of periods to be currency converted, the validation is made for all periods separately, i.e. companies will be currency converted according to the company structure of each separate period.

  3. Enter the opening balance actuality and period the opening balances should be collected from.

    If accounts with currency translation code I, C, K and L should be converted, you have to enter the OB period and the OB actuality. Example: When the current period is actual (AC) or forecast (for example, P1), the OB period should probably be loaded from the previous year-end. If the current period is budget (BU), a forecast period, such as P1, is often entered.

  4. Enter the currency types you want to convert currency from and to.

    The currency translation is nearly always run from the local currency (LC), as all the period values are normally entered in LC. To get correct converted values for a subgroup, you have to run a consolidation, in which the converted values will be consolidated to all groups or subgroups in the structure.

    Note: The currency type is always the same as the consolidation type. If a company is going to be included in more than one consolidation structure and the groups have different currencies, the company must be converted several times.
  5. If you want to run the currency translation for companies within a specific group, select the Group option button. In the Consolidation type and Group text boxes, enter the relevant information you want to run the currency translation for.
  6. If you want to run the currency translation for one or several companies, select the Company option button and enter the company code(s) in the Company text box.
  7. Select the relevant consolidation method option button:
    • According to company structure definition: Loads the currency translation method from the company structure. It is also possible to convert a group of companies at the same time, even if the companies use different currency translation methods.
    • Method 1 (Current)
    • Method 2 (MNM)
  8. Click Run. The currency translation is performed. The values are converted into all currencies of the group or subgroup the company is included in. A message box appears when the currency translation is ready.
    Note: Note: Currency translation is almost always performed from local currency to all currencies included in the consolidation structure. If the company is connected to more than one consolidation structure and the groups have different currencies, the company must be currency converted several times.