Global override tolerance checking details

The global tolerance checking rules are used when the rate tolerance checking is overridden on a journal type. The global tolerance settings are defined using Ledger Setup (LES).

When setting an override for a journal type, the override rules defined for that rate in the Ledger Setup are used.

You can choose, for each type of rate:

  • whether or not you wish to apply an override tolerance check at all.
  • if you do, the global tolerance percentage to be used to check the rate.

For example, you may wish to apply a 10% global override tolerance check on all currency rates used to calculate base currency values, but not apply a check at all on rates used to calculate transaction currency values.

Note:  Where Values 1, 2 and 3 only are in use, only up to two of the currency values at any one time has rate tolerance applied to its associated rate. This is because one rate must be the pivot rate, which converts from the pivot to itself, and is always equal to zero or one. Where fourth and fifth values are in use tolerance checks can be applied additionally to those rates.