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Hello:
The following is a recommendation from the Multicurrency Management module's manual:
We recommend that you assign all currency IDs to the retained earnings accounts for each
company to be sure that all profit and loss amounts can be closed to the retained earnings
accounts.
I did notice, in the GP Summary Inquiry window's Beginning Balance figures for Retained Earnings, that the Balance Brought Forward process created material entries for the "P/L" Source Document for each currency.
Is this simply a normal process that is conducted in a Multicurrency environment for a year-end close, when currency IDs are assigned to the retained earnings account(s)?
Thanks!
John
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