Setting Up Ledger Type Rules For Detailed Currency Restatement

Access the Ledger Type Rules Setup form.

Close to Retained Earnings Account

Ledger is Required to Balance

Select these check boxes for ledger type XA only if you restate the entire chart of accounts.

Use as Restatement To Ledger

This check box does not apply to ledger types XA, YA, and ZA. The detailed currency restatement program is hard-coded for ledger types XA, YA, and ZA; therefore, this option is ignored by the system.

Denominated Currency Code

Enter the currency code in which to restate the domestic AA ledger. Complete this field for ledger types XA and ZA only.

Enter the currency in which you restate amounts in this field for ledger type XA and, if applicable, ZA. A currency code designation for a ledger type applies to all companies using that ledger.

If you use ledger type ZA, you must assign it the same currency code as ledger type XA. Ledger type ZA contains the foreign entries that were restated into the XA ledger; therefore the currency code must be the same.

Important: To maintain the integrity of the ledgers, do not change the currency code that you assign to them after you begin using detailed currency restatement.