Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Local and Reporting FX data import rather than Calculation in FCC - what is best practise?

in Financial Consolidation and Close 6 comments

Summary: What is best practice for FX ledgers, pull from ERP or re-calculate?


Content (required):

A client is using SAP erp and has multiple ledgers with local and reporting currency. Trying to decide if it better to pull both ledgers through or only bring through local and then calculate reporting FX in FCC.

Just trying to think of any pitfalls of bringing through both ledgers, if they then post any journals exclusively in FCC would it still calculate these items in both currencies?

Version (include the version you are using, if applicable):

Using FCC Standard

Code Snippet (add any code snippets that support your topic, if applicable):

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!