If you post in an additional reporting currency, you use this batch job to have the program calculate amounts on G/L entries, item ledger entries and job ledger entries in the additional reporting currency. The program converts LCY amounts to the additional reporting currency using the exchange rate that is valid on the work date. The program uses the information in the Currency Exchange Rate table to find this exchange rate.
When you specify the currency you want to use as an additional reporting currency in the Additional Reporting Currency field in the General Ledger Setup window, this batch job appears.
After running this batch job, amounts on G/L entries, item ledger entries and job ledger entries will be in both LCY and in the additional reporting currency.
Fill in the fields on the Options tab as follows:
Additional Reporting Currency: The program automatically fills in this field with the currency code from the Additional Reporting Currency field in the General Ledger Setup window. This is the currency you have defined as the additional reporting currency. To change the exchange rate that the program uses to convert LCY amounts to the additional reporting currency, click the AssistButton in this field.
Document No.: Here you can enter a document number that the program will copy to rounding entries if another document number does not apply. The batch job creates these rounding entries.
Retained Earnings Account: You must specify the retained earnings account that the batch job will post to. This account should be the same as the account used by the Close Income Statement batch job.
Click OK to start the batch job. If you do not want to run the batch job now, click Cancel to close the window.
About Using Additional Currencies