Understanding Multicurrency AAIs for General Accounting

You set up AAIs to define accounts for multicurrency processing in the JD Edwards EnterpriseOne General Accounting system for:

• Unrealized gains and losses on monetary accounts (revaluation).

• Posting balances by currency.

• Multicurrency intercompany settlements.

When the system calculates unrealized gains and losses on monetary accounts, posts account balances by currency, and restates amounts in a different currency, it uses AAIs to distribute the amounts to the correct general ledger accounts.

Some AAI items have a suffix of xxx to accommodate a three-character currency code. You use the xxx suffix to set up multiple currency-specific AAI items for each company. If you do not specify a currency code, the system uses the currency code of the company as the default.

You can set up AAIs for company 00000, or you can set up specific AAIs for an individual company. Each AAI item in the JD Edwards EnterpriseOne system has a hierarchical order by which the system locates an account number. This is an example of a hierarchical order:

1. AAI item with xxx (currency code). If not found, the system searches for:

2. AAI item for a specific company. If not found, the system searches for:

3. AAI item for company 00000.