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AHCS: Foreign Currency Transaction's Accrual Reversal on different (latest) conversion rate

Received Response
edited Aug 2, 2021 11:10AM in Subledger Accounting & Accounting Hub 3 comments


We understand that Accrual Reversal of foreign currency transactions will take the same exchange rate and it will nullify the entire balance to the penny (correct me if I am wrong). But our requirement is to reverse the transaction on the first day of the next non adjusting period with that day's exchange rate. We tried using Transaction Reversal Feature as well but it is also utilising same exchange rate (conversion rate from original transaction date).

Can we achieve this (reversal on different exchange rate) in any way either through Transaction Reversal or through Accrual Reversal functionality? Any lead would be much appreciated. Thanks.

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