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Consolidated Statements not Translating Currency

edited Dec 6, 2019 10:05AM in Accounting / ERP 2 comments

Hello,

I am having issues getting consolidated financial statements to translate currencies properly (using OneWorld). I have a parent company with USD currency. They have a Japanese subsidiary that properly report in Yen. When consolidating the reports, it shows the same Japanese bank balance (on the balance sheet) as USD (i.e. 4 Million Yen in the Japanese entity shows as $4 Million USD in the consolidated statement).

It appears as though I have the currencies and subsidiaries set up properly, but I'm obviously missing something. I have multi-currency enabled and each subsidiary has the proper currency. Looking at the base currencies, both the USD and Yen are listed as base currencies, but my understanding is that this is necessary for the subsidiary-only statements.

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