Refer to documentation Implementation
Fields
The following fields are present on this tab :
Block number 1
| Enter the site for the rate calculation. Note: The site must have the FIFRC – FIFO rate calculation parameter (CPT chapter, CLO group) set to Yes at the company level. |
| This field automatically displays the record number based on the Sequence number assignment (GESTCA) for FIFO conversion records when you post a journal entry. |
| This field displays if the account has been posted. |
| This field displays the related journal entry when posted. |
Cash/bank account
| Select Bank or Cash for the account type. |
| Enter the account code for the bank account or petty cash account. |
| This field displays the bank ID for the bank or petty cash account entered in the Code field. |
| This field displays the account number for the bank or petty cash account entered in the Code field. |
| This field displays the currency for the bank or petty cash account entered in the Code field. |
Dates
| Enter a start date to include journal entries beginning on that date. Note: The date must be the first day of an existing period, open or closed. |
| Enter an end date to include journal entries up to and including that date. This date is recorded as the accounting date when you post the rate calculation. Note: The date must be the last day of an existing, open period. The date range can span multiple periods. If you change the end date after performing an Accounting cancellation on the most recently posted record, an alert message displays: "All records previously computed will be removed from the details table. Do you want to proceed?"
Then you can:
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Presentation
The grid on this tab displays the results of the Data extract. These journal entries are linked to the current bank or petty cash account, allowing you to review each journal entry and the calculated rate if applicable. The most popular FIFO (First In First Out) method is used to calculate these rates.
The lines display in different colors to reflect:
Blue – No rate calculated: The accounting dates for these lines are for the previous period.
Green – No rate calculated: These are revenues within the date range. Revenues in a foreign currency are posted at the exchange rate.
Red – Rate calculated. These are expenses within the date range. Expenses are usually posted in an exchange rate different from revenues. At this point, exchange rate differences arise.
Values in brown, in the For Settlement column, represent amounts that remain to be distributed.
These fields are display only and cannot be modified.
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Fields
The following fields are present on this tab :
| This field displays the document number. |
| This field displays the journal entry number. |
| This field displays the entry type. |
| This field displays the accounting date for the journal entry. |
| This field displays the amount for the journal entry in the journal currency. |
| This field displays the amount in the ledger currency. |
| This field displays the currency rate. |
| This field displays if the rate has been calculated. |
| This field displays if the rate has been calculated. |
| This field displays if the conversion rate has been calculated with the amount to be posted. |
| This field displays the amount that still needs to be distributed. |
| This field displays the cash balance, in the journal currency, that remained in the account after the transaction on the line. |
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Fields
The following fields are present on this tab :
Grid Analytical
| This field displays the Dimension type code for the journal. |
| You can enter an analytical dimension in this field. |
Fields
The following fields are present on this tab :
| This field displays the entry type. |
| This field displays the document number. |
| This field displays the date posted. |
| This field displays the amount. |
| This field displays the currency for the amount. |
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This action opens a table that lists amounts for settlement that still need to be distributed for a given revenue. |
This function is available for a bank or petty cash record that has been posted provided it is the last record for this bank or petty cash account.
For example: If record N1 is posted and you create a new record for the same account, N2, you cannot cancel N1 because N2 already exists.
This action allows you to reverse the automatic journal entry and resets the record's Posted status to No and removes the FIFO record no.
You can now change the dates for the bank or petty cash record and perform a new Data extraction.If a FIFO rate calculation record exists for a bank account and period, you cannot:
This function does not support negative cash balances. If an account balance is zero and there is an expense, the exchange rate difference is not calculated.