Currency Balance Setup
Use this activity to specify if the company should be set up for Currency
Balances or not. It is strongly recommended to set up the company for currency
balance directly when created, as functions like Currency Revaluation and Group
Consolidation are depending on currency balances being available.
Prerequisites
- The company ID, company name, and whether the company is a Template
Company or a Master Company for Group Consolidation must have been previously
defined.
- The company source, a company template or an existing company, must
have been defined.
System Effects
If the radio button Yes is selected, the company will from a currency
balance point of view be created as follows:
- Define Code String: The selected code part will get the entered
internal name and be connected to the code part function Curr balance.
If the code part is defined as not used in the source template/company,
it will be defined as used in the company.
- Account / Accounts: All accounts belonging to the selected logical
account types will get the Currency Balance checkbox selected. The
only exception is accounts defined as acquisition accounts for Fixed Assets,
as currency balance is not allowed for such accounts.
- Code Part Values: Code part values equal to the created currency
codes will be created for the selected code part.
If the radio button No is selected, the company will from a currency
balance point of view be created exactly as defined in the source template/company.