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GL235 - AR Currency Rounding GL Report
Run AR Currency Rounding GL Report (GL235) to print a report of the
rounding transactions that were posted to the GL rounding account as a result
of a currency rounding from the cash application process within Accounts
Receivable.
Use this report only if your company has a base currency that is regulated
by the European Monetary Union (EMU) Treaty, and you need to account for
rounding
discrepancies resulting from cross-currency cash applications between your
base currency and the euro. Use this report to verify that only this type
of rounding transaction is posted to the GL rounding account. Currency
rounding
transactions involving other cross-currency transactions should be removed
manually from the account.
**Process at a Glance
1. Use GL Code (AR15.7) to define a rounding account.
2. Use Application Closing (AR190) to post rounding adjustments
to the rounding account.
3. Run this report to generate a listing of all the entries made
to the rounding account.
4. Use Journal Entry (GL40.1) to move entries that do not belong
to the account out of the account.
NOTE The GL rounding account should contain only cross-currency rounding
adjustments resulting from currency exchanges between the company base
currency
and the euro. All other entries should be moved out of the rounding account
through manual journal entries.
Updated Files
ADDRDATA -
CKPOINT -
Referenced Files
ARAPPLIED -
ARDISTRIB -
AROIHDR -
GLADDRESS -
GLCHART -
GLSYSTEM -
GLTRANS -
INSTCTRYCD -
INVOKED Programs
IFAC
ACAC
ACTA
API4
IFCU
IFOB
IFSG
IFLU
IFUP
SLSE
SLSU
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