Procedure to setup Transactions of the period at month end rate
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.
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?