Rollover of entity journals
The Rollover Entity Journals function enables you to transfer all values and journals from selected adjustment levels on an entity basis. Adjustment levels can only be changed with the help of journals.
In the transfer, the level switches from the adjustment level to its equivalent rollover adjustment level. In the first year that the rollover for the journals at the entity level is run, all data is transferred from Adjustment to Rollover Adjustment. In the following years, all data from Adjustment is still copied to Rollover Adjustment. Additionally, the existing rollover adjustment data is copied to Rollover Adjustment of the following year.
This table shows an example of how the results of Adjustment and Rollover Adjustment are added together and shown as a sum in Rollover Adjustment:
| Year Booking level entity |
2019 Adjustment |
2020 Rollover Adjustment |
2020 Adjustment |
2021 Rollover Adjustment |
|---|---|---|---|---|
| Assets | -200 | -200 | 1,000 | 800 |
| Liabilities and equity | -200 | -200 | 1,000 | 800 |
In 2019, the adjustment for assets is -200. In 2020, this value is transferred to Rollover Adjustment. Therefore, rollover adjustment is also -200. Then, in 2020 there is a further adjustment of 1000. With the rollover of journals, the 1000 adjustment is transferred to Rollover Adjustment in 2021 together with the existing rollover adjustment of -200.
On the Entity Parameter page, you can define different local
currencies for different periods. If so, the currency exchange rate is used to convert
all values during the data transfer from the source period to the target periods. If,
for example, CZK is used for October 2023 and EUR for November 2023, and 1 EUR = 25 CZK,
then this currency exchange rate is used: 1/25 = 0.04.
200 CZK from October 2023 are transferred to November 2023 according to this
calculation: 200 CZK * 0.04 = 8 EUR
If the currencies of the source and target periods are the same, then the data is copied from the source period to the target periods without any currency conversion.