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Profit and Loss with Three level subsidiary
I have a client with a subsidiary structure like so:
Company A : Euro (Grandparent)
Company B: British Pound (parent)
Company C: Euro (child)
Elimination Subsidiary Euro
During the profit and loss Company C is not translating 1 to 1 with Company A currency. There is a loss. A solution proposed is to update the Journal Entries to the inverse of the consolidated average but that doesn't seem right. Has anyone else had similar issues with trying to get a child to be equal to the grandparent? I found another thread which was similar but not the same
https://usergroup.netsuite.com/users...considerations
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