Manual Journal Entries in the AC Ledger

Although the Compute Restated Balances program automatically creates entries for ledger type AC (or other user-defined consolidation ledger), you can manually enter journal entries for ledger type AC on the Journal Entry form. These manual journal entries are adjustments to the F0911 table.

For example, you might enter a journal entry to adjust for differences that can occur due to rounding issues between currencies. Or you might enter a journal entry to eliminate amounts that can occur when you consolidate company balances.

If you manually enter a journal entry for ledger type AC, be aware that a record must exist in the AA ledger for the same period, fiscal year, and general ledger account. If necessary, enter a manual journal entry for ledger type AA for a cent. Balance restatement does not recognize AC entries that are manually entered unless a record exists in the AA ledger. Make sure that you do not manually enter journal entries for ledger type AC against the translation adjustment or retained earnings account.

When you run the Compute Restated Balances program, you can use a processing option to specify whether you want the program to check for adjustments in the F0911 table. If you do not enter manual journal entries in the AC ledger or you choose to bypass them, you can save valuable processing time by setting this processing option accordingly.

You can rerun the Compute Restated Balances program for a period without losing the journal entries already entered for the AC ledger.