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Multiple Currency Journals - Intercompany Balancing

Accepted answer
edited Feb 22, 2021 11:25AM in General Ledger & Intercompany 4 comments


We have a scenario where a journal is booked in multiple currencies.  The entry is balanced by each currency (EUR and USD), but there are multiple legal entities in the journal.  The intercompany balancing entry is only being recorded in USD causing a large currency balancing line to be created.  Is there a way to get the intercompany balancing by currency without splitting the journal or enforcing single currency journals?  

Balancing Segment Account Currency Entered Dr Entered CR Accounted DR Accounted CR
Original Journal
100 Receivable EUR            1,500                  2,000  
200 Receivable EUR         14,000               17,100  
100 Revenue EUR            14,500                  17,800
200 Revenue EUR              1,000                    1,300
300 Receivable USD               100                     100  
200 Receivable USD            1,200                  1,200  
300 Revenue USD   100   100
200 Revenue

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