Setting Up the Ledger Type Rules for Balance Restatement

Access the Ledger Type Rules Setup form.

Close to Retained Earnings Account

Select this check box if you restate the entire chart of accounts for ledger type AC.

Use as Restatement To Ledger

Select this check box.

Prevent Creation of Journal Entry

Clear this check box.

Denominated Currency Code

Enter the code of the currency in which you restate amounts in this field. A currency code designation for a ledger type applies to all companies using that ledger.

Ledger type AC requires a currency code to ensure that amounts are restated only in the designated currency and that the amounts have the correct number of decimal places.

To maintain the integrity of the AC ledger, do not change the currency code that you assign to the ledger after you begin using balance restatement.