Release summary
This document describes enhancements and changes to Mondial CRx which are included in the 6-30-21 release.
This release has focused on extending the product’s functionality to fully cater for cumulative translation adjustments (CTA), multi-ledger support, and enhanced drill-down capability, in addition to resolving several previous-identified issues.
- CTA forms a major part of the consolidation process for groups operating in multiple currencies
- Ledger Types allow users to satisfy different GAAP/IFRS, Statutory and Group report requirements
- Drill-down, already available in templated reports, is now available in user-defined reports
Specific details are provided below:
List of Key enhancements/changes
Report Writer enhancements.
General:
- Users can now incorporate the "Alternate Chart of Accounts" functionality when building Report Writer reports (full details of this feature can be found in articles within the product help section of Zendesk).
- Reports can now be selected to run against a Mondial defined "Ledger Type" (full details of this feature can be found in articles within the product help section of Zendesk).
Both these features further facilitate the use of the report writer as a means of providing GAAP, IFRS and Group Reporting compliant information.
- Drill down functionality, previously available in templated reports (e.g. Trial Balance), is now available from reports generated from the report writer:
- Drill down is available from reports created using either the local Chart of Accounts or Alternate Chart of account sets.
- Where Alternate account sets include 'hierarchies', drill-down will support analytical drill down within the hierarchy, through to the associated local accounts and then to transactions.
- Please note that drill down is currently available to reports rendered as WEB output. The functionality will be extended to PDF rendered reports in a subsequent release.
Row formats:
- A known issue where zero values were appearing in rows that should be blank has been resolved.
Column layouts:
- Greater control and choice has been added within column header definition (in Column layouts) when referencing dates, months and periods.
The list of available element codes has been expanded as follows:
|
Definition |
Mondial Reference |
Output |
|
Date |
Relative_Date |
31 March 2018 |
|
Short Date |
Relative_Date_Short |
31/03/2018 |
|
Month |
Relative_Month |
March 2018 |
|
Short Month |
Relative_Month_Short |
Mar-18 |
|
Period |
Relative_Period |
Period 3 2018 |
|
Short Period |
Relative_Period_Short |
Per-3 2018 |
- In the April 30th 2021 release, additional functionality was introduced to provide column-based transaction type filters (source system transactions and Mondial generated adjustments). In this release, the list of Mondial based transaction types has been expanded to include currency translation adjustments.
- A column sorting issue in column layouts incorporating more than 26 columns has been resolved.
Accounting Adjustments enhancements
Adjustments Template Transactions
-
When a user enters or updates a journal based transaction, a dropdown list is now available which allows a user to select which Ledger Types the journal is associated with.
-
On a new journal - by default - all Ledger Types are checked and the user has to uncheck the ones not required for that journal
-
On an already saved journal template - which is reopened - the previous settings for Ledger Types remain in force unless changed by the user
-
The overall value of this function is that each journal entered in Mondial may be associated with each Ledger Type set up in Mondial. This provides high levels of flexibility, adjustment capability, and auditability for users wishing to correctly align with each regulatory authority to which they need to report.
Translation Adjustments:
- A new form has been added to the Accounting Adjustments menu to allow users to process currency translation adjustments (full details of this feature can be found in articles within the product help section of Zendesk).
Miscellaneous Bug Fixes
- For users with PLEX: A Data Correction for Voided Plex Invoices was causing multiple reversals within Mondial. This has been resolved
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135 Hitching Post Lane, Bedford, NH, 03110, USA
Support: support@mondialsoftware.zendesk.com
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