Corporation Switch User Manual

Setting Up Translation 12-9
Entity Line Item PTD Dr
(CAD)
PTD Cr
(CAD)
YTD Dr
(CAD)
YTD Cr
(CAD)
Vision: Canada Cost of Goods
Sold
100 0 1200 0
Vision: Canada Salaries 50 0 450 0
The January balances plus the February PTD balances equal the February YTD balances.
You can now translate the February balances at the appropriate rates for February. Note
the historical rate for equities has not changed, but the ending and average rates have.
The following table shows the translation rates for February.
Translation Rates for February
Entity Line Item PTD Dr
(CAD)
PTD Cr
(CAD)
YTD Dr
(CAD)
YTD Cr
(CAD)
Rate
Vision:
Canada
Cash 0 0 1000 400 0.81
Vision:
Canada
Accounts
Receivable
200 0 1400 500 0.81
Vision:
Canada
Accounts
Payable
0 0 500 700 0.81
Vision:
Canada
Paid-in
Capital
0 0 0 400 0.84
Vision:
Canada
Retained
Earnings
0 0 0 300 0.84
Vision:
Canada
Revenue 50 400 50 2400 0.72
Vision:
Canada
Cost of
Goods Sold
100 0 1200 0 0.72
Vision:
Canada
Salaries 50 0 450 0 0.72
Since the translation method uses YTD mode for balance sheet accounts and PTD mode