Procedure to setup Transactions of the period at month end rate
Summary:
Client wants to use Closing rate for specific accounts with translation stated as "Transactions of the period at month end rate of that period". Its a bit different from using default closing rate.
Content (required):
Step1: stated the account as Balance and rate as Ending rate, since default Flow and no rate is taking periodic
Step2: Used Translation Override and create a specific rule for the account to calculate on YTD
Step3: Updated FCCS_10_After Opening Balance Carry Forward_LocalCurrency
Step4: Updated FCCS_40_Final Calculations_Translated
With the above steps, i got the answer required. But is this the correct approach?
Tagged:
0