Monday, October 20, 2008

Adjust Exchange Rates Dimension Error

The adjust exchange rates batch job calculates and post the exchange gain/loss entries due to transactions in foreign currency. In doing so the batch job is required to pass a no of entries into the G/L.

In cases where the G/L has been tightly bound by dimension rules it can sometimes fails in this case it is necessary to understand the entries that this batch job passes and accordingly have the rules in place.

The Batch job as mentioned in the help creates one entry per currency per posting group of the banks defined. Because it consolidates the entries it cannot pick the dimensions from the source transactions. Thus it picks the dimensions which are defined as the default dimensions on the bank card. Thus we need to make sure that the dimension rules are met by these default dimensions. The entries are passed to the control accounts defined in the posting groups for the banks and the exchange gain or loss accounts.

In case of adjusting the Customer and Vendor Accounts it passes entries to the control accounts and a balancing entry is passed to the Exchange gain or loss accounts as configured in the the currency setup.

1 comment:

Anonymous said...

Wow, that's crazy man. They should really try to do something to fix that.