Examples of Balance Initialization Conversion
This table describes different scenarios of entered currency amount balances, historical rate definitions, and whether initialization rates are required to convert the balances to the ledger currency of the target ledger.
Scenario | Historical Rates Defined? | Initialization Rates Required? |
---|---|---|
The currency of the entered amount balances in the source ledger is the same as the ledger currency of the target ledger. | N/A | N/A |
The currency of the entered amount balances in the source ledger is different from the ledger currency of the target ledger. | N/A | Yes |
The currency of the entered amount balances in the source ledger is the same as the source ledger currency and is different from the target ledger currency. | Yes | Yes, for those currencies, accounts, and periods without historical rates. |