Costpoint Online Help

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Transactional Currency Beginning Balances Subtask

Use this optional subtask to enter transactional currency beginning balances and their corresponding functional currency beginning balances for your Asset, Liability, and Stockholder's Equity accounts.

You can enter transactional currency beginning balances in multiple currencies for the same Fiscal Year, Account, and  Organization. If you enter transactional currency beginning balances on the main screen for the selected Fiscal year/Account/Organization combination. You can also enter the functional currency as a transaction currency, if part of the balance of the account/organization is denominated in functional currency. These transactional currency beginning balances are used only by the Create Revaluation Entry process to revalue balance sheet accounts.

Contents

Field Description
Account

This field displays the selected account on the main screen. The adjacent field displays the account name.

Table Window

Click to add a new line.

Field Description
Transactional Currency Code

Enter, or click to select, a transactional currency code for the beginning balance.

Transactional Currency Name

Enter, or click to select, a transactional currency name for the beginning balance.

Beginning Balance Amount (Trans Curr)

Enter the beginning balance amount in transactional currency.

Beginning Balance Amount (Func Curr)

This field displays the remaining functional currency balance based on the beginning balance in the Transaction Posting Summary (GL_POST_SUM) table. Use this if the beginning balance for the Fiscal Year/Project/Account/Org is denominated in only one currency. However, you can also enter the beginning balance amount in functional currency that corresponds to the transaction currency amount you entered.

Click OK to save.