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Consolidation Set of Books: You must check this box if the set of books is to be used for consolidating average balances. In a consolidation set of books, standard and average balances are not linked as they are in a non-consolidation set of books.

Transaction Calendar: This calendar is used to ensure that transactions are posted only to valid business days. This field is required for non-consolidation sets of books. For consolidation sets of books, the field is disabled.

Translation Rate Type: You can enter any daily conversion rate type, except User. General Ledger uses the daily rates for the chosen rate type to compute average rates to use when translating average balances.

Translate Optional Amount Types: General Ledger automatically translates period-average-to-date balances. You can also choose to translate end-of-day, quarter-average-to-date, and year-average-to-date balances by marking the appropriate checkboxes.

See Also

Set of Books Standard Options

Set of Books Accounts

Defining Sets of Books