Translation definition (CM203000)
In this window, you can define translation types, which may be required for reporting purposes. One of the types can be set (by its ID) as the default translation in the Currency management preferences (CM101000) window. The settings of the default translation will appear in the Prepare translation (CM501000) window when it is opened.
This window is available only if the Translation of financial statements functionality is enabled in the Enable/disable functionalities (CS100000) window.
The top part
You can use the elements in this area, which are described in the following table, to create a new translation type or to select an existing one to review its settings.
| Element | Description |
|---|---|
| Translation ID | The ID of the type of translation. Each type might involve a particular language or range of accounts. You can use up to 10 characters, both numbers and letters. |
| Source ledger ID | A ledger that holds the records to be translated. If a ledger with the Actual type is specified, the translation is performed from the base currency. If a ledger of the Reporting type is selected, the translation will be performed from one foreign currency to another. For such translations, direct exchange rates for the specified pair of foreign currencies should be maintained. |
| Destination ledger ID | The destination ledger (of the Reporting type) to store the results of the translation. |
| Branch | The branch of the company. |
| Description | A detailed description of the translation type or definition. You can use up to 30 characters, both numbers and letters. |
| Active | A check box that indicates (if selected) that this translation type is active. A translation type cannot be deleted if any translations were created according to the type. Clear the check box to make the definition inactive; inactive definitions cannot be used to create translations. |
| Source currency | Read-only. The currency of the source ledger. This is the currency from which the translation is performed. If it is not the base currency, re-translation (that is, a translation from one foreign currency to another one) is supposed. |
| Destination currency | Read-only. The currency of the destination ledger. This is the currency to which all the amounts should be translated. |
The table
In this table, you can specify multiple ranges of accounts and subaccounts. For each range, you can specify a translation method and a rate type.
| Column | Description |
|---|---|
| Account from | The account that starts the range of accounts for which balances should be translated into the target currency. |
| Description | The description provided for the account. |
| Subaccount from | The subaccount that starts the range of subaccounts for which account balances should be translated into the target currency. |
| Account to | The account that ends the range of accounts for which balances should be translated into the target currency. |
| Description | The description provided for the account. |
| Subaccount to | The subaccount that ends the range of subaccounts for which account balances should be translated into the target currency. |
| Translation method | The translation method, which is one of the following: YTD balance or PTD balance. |
| Rate type | The default rate type for the method, which appears once the method is selected. The value can be changed. |