Manage translations
In Visma Net, amounts can be translated from the base currency to another currency at the account balance level. Translation may be needed, for example, for reporting purposes if the company is a subsidiary of a larger entity and its financial statements are included in the consolidated statements of the larger entity that are prepared in a different currency.
This functionality is available only if the Translation of financial statements functionality is enabled the Enable/disable functionalities (CS100000) window.
Section Content
About translations
To use the translation functionality in Visma Net, you need to configure an appropriate translation definition (or multiple definitions) that defines the source and destination currencies, the source and destination ledgers, the branch and involved General ledger accounts used for the translation.
About creating translation definitions
For each translation definition, create a reporting ledger to hold translation results, and specify the reporting currency as the ledger’s currency in the Ledgers (GL201500) window.