How to use period average rate for fx curr trx for entries created in multiperiod accounting in AHCS — Cloud Customer Connect
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How to use period average rate for fx curr trx for entries created in multiperiod accounting in AHCS

in Subledger Accounting & Accounting Hub 1 comment

For Ex:

AHCS transaction (foreign currency) created on 21-Nov-2024
Accounting Date: 21-Nov-2024
Conversion Date: 21-Nov-2024
Multiperiod Start Date: 01-Dec-2024
Multiperiod End Date: 31-Mar-2024

Business requirement is to account the multiperiod entries on 31-Dec-2024, 31-Jan-2024, 28-Feb-2025 and 31-Mar-2025.

As this is a foreign currency transaction, Business requires the conversion rate to be used for multiperiod entries be the average period for the month.

for multiperiod entries posted on 31-Dec-2024, the conversion rate should be the average rate for Dec-2024.
for multiperiod entries posted on 31-Jan-2024, the conversion rate should be the average rate for Jan-2024.

Could you please help in achieving the above scenario?

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