Removing C's in Management Reporter Creates Currency Translation Adjustment

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Posted on by Community Member Microsoft Employee

Hello:

In order to balance assets with liabilities/owner's equity in Management Reporter, I have been placing C's in the "Normal Balance" column of the row definition for such items as Accumulated Depreciation and Accumulated Amortization.

Recently, I have been asked to remove these C's. The problem is that, upon doing so, a line item for Currency Translation Adjustment (CTA) appears in the equity section. Normally, the CTA only appears when truly necessary and specifically due to different exchange rates being used.

Is there a way to remove these C's, for proper presentation purposes, and prevent the CTA from appearing when it shouldn't?

Thanks!

John

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Community Member Microsoft Employee on at

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RE: Removing C's in Management Reporter Creates Currency Translation Adjustment

I updated the accounts in GP to be “Credit” instead of “Debit” and I added the Accumulated Depreciation amounts to the Property and Equipment Amounts.

The combination of these two steps allowed for the balance sheet to balance!
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RE: Removing C's in Management Reporter Creates Currency Translation Adjustment

Hello:

Just now, I decided to conduct a test by removing the Adjustment and the C's and saving the resulting row definition as a "test" row definition. Then, I ran my balance sheet with this test row definition,

When I ran the report, my original issue where assets gets out of balance with liabilities and owner's equity occurred.

Any thoughts on this? :)

Thanks!

John