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Translation Overrides

edited Jun 8, 2020 4:38PM in Financial Consolidation and Close 5 comments

Summary

Override not working as expected

Content

Ok, I have set up a translation override rule for inventory accounts for specific entities.  It works fine for the first period, but then all subsequent periods do not translate as expected.

For specific entities and accounts, I need to translate balance at a different rate that either EOM or AVG.  These rates were created as local rates 

I need these balances to translated the ending balance at the specific rates.  Dec 17 is my first period of data and the rules work fine, but when I go to Jan 18, the opening balance does not re-translate at the proper rate.  Only the current year activity translates at the special rate.  I'm adding screenshots showing the local rate account setup, the setup of account AC_1845000 (one of the accounts that need this treatment), the override translation rule and the default translation setup.  I"m not sure what I need to do to fix this and get the Ending balance

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