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Different accounted amounts for a foreign journal in Primary Vs Secondary Ledger

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edited Oct 12, 2019 2:50AM in General Ledger & Intercompany 5 comments

Summary

Different accounted amounts for a foreign journal in Primary Vs Secondary Ledger

Content

Hello All,

I have a Singapore primary ledger (SGD_Functional_Ledger)  and secondary ledger (SGD_IFRS_Ledger) with the same COA,accounting method,accounting calender & currency (SGD). A foreign currency journal (USD) is entered into primary ledger on 1st October using the exchange rate (USD-->SGD) of 2. The primary ledger journal got posted/approved on 6th October and got copied over to secondary ledger (because of primary to secondary mapping) and got posted the same date. The secondary journal picked up the exchange rate (USd-->SGD i.e. 2.5) of 6th October.

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