KEY DATE

Former Member — Fri, 22 Jun 2007 13:16:27 GMT

WHAT IS THE KEY DATE? & WHERE WE USE IT.

Re: KEY DATE

Former Member — Fri, 22 Jun 2007 13:22:54 GMT

Hi,

The Key date is the key point in your currency table.

Valuation

Open items:

The items that are untranslated at the key date are summarized per invoice

reference or account/group.

If the result does not correspond to the method selected, for example, if a

profit arises using the lowest value principle, no valuation difference is

output.

G/L account balances:

The balance is translated per currency and account/group on the key date.

The valuation difference determined is compared with the valuation method

specified (for example, lowest value principle).

Hope it is useful.

Thanks,

Sandeep.