GL235 - AR Currency Rounding GL Report
**Form purpose
Run GL235 (AR Currency Rounding GL Report) to list 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.
**Prerequisites
Before you apply payments that may generate rounding adjustments, you must
set up a rounding GL code on GL Code (AR15.7) for the purpose of specifying
an account for posting rounding adjustment.
**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
CKPOINT -
Referenced Files
ARAPPLIED -
ARDISTRIB -
AROIHDR -
GLADDRESS -
GLCHART -
GLSYSTEM -
GLTRANS -
INVOKED Programs
IFAC
ACAC
ACCL
IFCU
IFSG
IFAU
SLSE
SLSU
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