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Accrual Clearing is happening in functional Currency instead of Source currency

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Summary:

We wanted to check if its possible to clear the accrual balances in Source currency instead of the functional Currency

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Hi,

We are planning to clear historical accrual balances that have accumulated. Our accrual account is set-up to be revalued each month.

The original accrual balances from the source modules are accounted in the source currencies on the GL. When we clear these accrual balances the system clears them in the functional currency and not the source currency. When we run the revaluation process at each month-end, there is an outstanding balance left on the GL side due to that.

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