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Translation Issue

edited Apr 3, 2019 4:12AM in General Ledger & Intercompany 1 comment

Summary

Translation Issue

Content

We have setup Translation to pick up Prior Month End Rates in GL Setup. Issue is Translation is not happening correctly for certain transactions. Let me tell you with an example - A P&L transaction in the UK is in USD (Lets say for $100) it will be converted to GBP using the daily rate (say GBP 70) since GBP is the ledger currency. Now, when we run Translation, it will then get translated back into USD (from GBP 70) using the prior month end rates (to say $110). Therefore the final USD number is different from what it actually was in USD. 

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