Binder properties - charts

  1. Select all the charts that apply to this binder from the dropdowns.
  2. In the
    Closing and Rounding Options
    section, select the appropriate options from the dropdowns. The following applies:
    • You can set options for closing retained earnings, posting rounding differences, and Foreign currency translation gain/loss account at the Federal Chart of Accounts level, the entity level, the binder level, and inside the binders under options.
    • If you change the options set at the chart level, currently existing entities must be updated to reflect the changes. If you change the options set at the entity level, currently existing binders must be updated to reflect the changes.
    • The advantage to setting the options at the federal chart level is that any entity that you create based on the chart will default to the federal chart options. Should you make changes to options at the federal chart level, previously created entities and binders must be updated to reflect the change. New binders based on the chart will automatically reflect the changes.
    • For each account option, select different accounts.
    • Toggle the option for Suppress calculation of Other Decreases (TRC 62-302) or Other Increases (TRC 62-300). Translation Gain/Loss (TCC 997)
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