CTA Account

Enter the number of your Cumulative Translation Adjustment account. The account description will appear under this field once the cursor exits the field.

Note: Any account you enter in this field must first be set up as an Owner's Equity account on the Chart of Accounts form.

When you perform financial consolidation, or run a financial statement using multi-site IDs, the system uses the account you specify in this field to calculate and create an adjusting line entry for changes in currency exchange rates.