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Process for changing the currency of an entity

edited Jan 26, 2018 10:40AM in Financial Consolidation and Close 5 comments

Summary

What is the best way to change the currency attribute of an entity?

Content

Hello,

does anyone have experience changing the currency Attribute of an entity?

My idea for the procedure is to create a new second entity:

  • Change the Label of the old entity into "LE001+"old"
  • Create a second entity with the currency to be assigned now and the orginal Label LE001
  • Refresh database
  • Use of a script to pull the opening from Parent Currency Prior Year of the old entity

Kind regards

Björn

 

 

 

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