Account Parallel Currencyby Agile Business Group
|Read description for||v 6.1|
This module handles parallel accounting entries based on different currencies. It is useful for companies who have to manage accounting with more than one currency at the same time. For instance, companies who have to produce balances on different currencies.
In order to use the module, you have to define one company for each parallel chart of accounts. Then you have to map parallel accounts and parallel journals through the related forms.
A 'Parallel Account Mapping' wizard is provided. It is intended to be run when the same chart of account is used for the parallel companies. It allows to automatically map the 'master' account to 'parallel' accounts, based on account code.
When posting new journal entries, the system checks the configured parallel accounts and automatically generates the parallel entries. This is achieved keeping the companies separate, so that users of the master company don't see secondary company data (e.g. currencies and journals) but the system uses the super user in order to perform the parallel registrations.