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.