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  •     QAD Glossary

  • Statutory Currency and GL Allocations
    Previously, when allocating journal entries, the system always converted from the transaction currency amount to statutory currency using the Statutory exchange rate valid on the system date. In this case, if the journal entries to be allocated were created with a different Statutory exchange rate, the statutory currency amounts were not allocated correctly.
    The GL Allocations functionality has now been enhanced to use the Statutory exchange rate valid on the journal entry posting date and, as a result, statutory currency amounts are allocated correctly.

    Modified Programs for Allocations
    GL Allocation Batch Run Execute