You must create a translation group to specify basic settings for translation parameters.

For each translation group, you must determine:

• The validation level of translation difference and the account where the translation difference amounts are placed. In this context, a translation difference is an imbalance in the default and secondary currency, which can arise when the target company uses different exchange rates for corresponding transactions.

• The validation level of the imbalance and the account where the imbalance amount is placed. In this context, an imbalance is the difference in the transaction total for the target company as a result of corresponding transaction evaluations at different exchange rates.

1. Click General ledger> Setup> Translation> Translation groupsto open the Translation groupsform.

2. Press CTRL+N to create a new line.

3. In the Rule groupfield, enter a unique translation group code.

4. In the To companyfield, select the target company code into which the vouchers are translated.

   Note
   The value of the target company's standard currency is updated automatically in the To currencyfield.

5. In the Descriptionfield, enter a text description of the translation group.

6. Click the Translation methodstab. In the Methodfield, select Ledger translationmethod.

   Note
   Click Methods initializationto initialize the of translation method.

7. Click the Ledger parameterstab. In the Default currency groupfield, select the currency group that is used by default for the account translation rules.

8. In the Default dimension groupfield, select the dimension group that is used by default for the account translation rules.

9. In the Default prioritiesfield, enter the priority that is used by default for the account translation rules.

10. Select the New ledger voucherscheck box to create new ledger voucher numbers when performing the translations.

    Note
    If the check box is not selected, transactions are translated to the target company with the voucher number of the source company.

11. In the Number sequence codefield, select the number sequence for the vouchers.

    Note
    The field is activated if you select the New ledger voucherscheck box.

12. In the Check translation differencefield, select the level of translation difference validation for the default and secondary currencies from the following options:

    • Error– When the transaction is posted to the translation difference account, an error message is displayed and the translation session is canceled.

    • Warning– When the translation session is finished, a message about the amounts posted to the translation difference account is displayed. All transactions are translated to the target company.

13. In the Translation difference accountfield, select the account number that will reflect the translation differences for the target company's default and secondary currencies.

    Note
    A translation difference can arise when the debit and credit portions of the transaction have been translated to the target company at different exchange rates, or from rounding errors.

14. In the Check imbalancefield, select the validation level when an imbalance arises from the following options:

    • Error– When the transaction is posted to the translation difference account, an error message is displayed and the translation session is canceled.

    • Warning– When the translation session finishes, a message about the amounts posted to the imbalance account is displayed. All transactions are translated to the target company.

15. In the Unbalanced accountfield, select the account number that will accumulate the imbalance amounts in the target company transaction currency.

    Note
    An imbalance can arise during translation when a debit transaction is translated into the target company but the other credit transaction is not translated.

16. Press CTRL+S or close the form.