Reporting currency of asset addition doesn´t equal transaction amounts (Historical conversion rates) — Cloud Customer Connect
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Reporting currency of asset addition doesn´t equal transaction amounts (Historical conversion rates)

in Assets 9 comments

When capitalizing amounts from Projects (CIPs) there is a requirement to report the same amount of the transactions to the asset addition event on our secondary ledger.

For reporting purposes our client needs to maintain their historical conversion rates for each asset line or asset that they are going to capitalize.

Example:

Ledger currency is in Mexican Peso (MXN) -> Secondary Ledger Currency is in (USD)

Transaction 1 entered in USD: 200 USD - 10/10/2023 (Date) - 17.25 (Conversion rate) - 3450 MXN (Amount reported in MXN in primary ledger)

Transaction 2 entered in USD: 300 USD - 12/10/2023 (Date) - 17. 45 (Conversion rate) - 5235 MXN (Amount reported in MXN in primary ledger)

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