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GL235 - AR Currency Rounding GL Report
**Form Purpose
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
Use GL Code (AR15.7) to define a rounding account.
Use Application Closing (AR190) to post rounding adjustments to the rounding
account.
Run this report to generate a listing of all the entries made to the rounding
account.
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
API4
IFCU
IFSG
SLSE
SLSU
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