Yo lo hago asi, en el evento CheckifBooleanField.
Código Delphi
[-]
function Tfrm_MantTipoTransaccion.jvDBGTransaccionesCheckIfBooleanField(Grid: TJvDBGrid;
Field: TField; var StringForTrue, StringForFalse: string): Boolean;
begin
inherited;
result := Field = dmINV.TTransaccionCOSTOS;
StringForTrue := 'S';
StringForFalse := 'N';
end;