Translation in GL

[suryabpc]

Hi All,

Please explain me the use and setup steps of 'Translation' in GL in detail.

Thanks,

[rajeshofc]

Translation converts balances from your functional currency to a foreign currency. You can translate both actual and budget balances. This is used while reporting in other foreign currencies.

<b>Setup:</b>

Enable the currencies (Setup, Currencies, Define)
Enter daily rates (Setup, Currencies, Rates, Daily)
Enter period rates (Setup, Currencies, Rates, Period) (Not applicable in Release 12)
Enter historical rates (Setup, Currencies, Rates, Historical)

<b>Running Translation:</b>

Navigate: Currency --> Translation

[suryabpc]

Thanx Rajesh....