What are Translations

Translations provide a mechanism for you to map the data from your local chart of accounts of the reporting site (subsidiary or a partner company) with the common reporting chart of accounts used in Planful.

If your entities do not use a Common Chart of Accounts, you must provide data load files with your native chart of accounts. A Translation will be required to map your native chart of accounts used in your source data load file against the Common Chart of Accounts.

Translation Models include;

1. Translating all native Source Chart of Accounts to the Common Chart of Accounts.

2. Translating a single source segment to the Common Chart of Accounts.

3. Translating source segments to Common Chart of Account Segments with Multiple varying Translations.

With Translation models of type 1 & 2, Data load definitions use a single Translation file for mapping. With the Translation model type 3, Data load definitions use multiple Translations to make up the complete COA definition.