Answer / srikanth

Translation is used to translate an entire set of books or
balances for a company from the functional currency to a
foreign currency.

This feature can translate both actual and budget balances.
If the system have enabled average balance processing then
the system can translate average balances as well.
Translation is frequently used to prepare financial reports
for consolidation into global financial statements.
Translation uses periodic rates and, optionally, historical
rates.

Answer / rahmath

translation is a reporting tool, which is used to translate
accounting balances or transactions from functional
currency to froeign currency..

THE RULES OF TRANSLATION..
u cannot enter the jornals in first period..
why beacause this is the rule of FASB(financial accounting
standard board)..
the next and future period should be open.

ex:- jan
feb----enter transactions
mar--open

if you are not having a cashmanagement module how to reconcile or how to clear the transactions?

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