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Currency balance in Master Company for consolidation

  • 14 April 2023
  • 2 replies
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  • runise
  • Do Gooder (Employee)
  • 10 replies

Hi,

I am trying to create a new company which will be the master company for consolidation. It it not allowing me to enable accounts for Currency Balance, the option is disabled. The customer would like to use Currency Revaluation, as per my understanding Accounts should be enabled for Currency balance to use currency revaluation. How can I set this company as Master Company and also use Curency Balance and Currency revaluation?

 

 

Thanks,
Kind regards

Rutuja

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Best answer by Ieva Rituma 14 April 2023, 15:54

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Ieva Rituma
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The master company doesn’t use the GL for any transactions or processes. Instead, the Consolidation capabilities and processes are used. Regarding currency revaluations, these are done in the individual entities (also the parent company should have an individual separate company in IFS). Any currency transactions relating to consolidation are handled as part of the consolidation setup and execution.

 

 

IRituma
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Thank you very much for your response. I will set it up accordingly.

Kind regards

Rutuja

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