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Reporting Ledger- Credit Memo Exchange Rate Question

in General Ledger & Intercompany 2 comments

Summary:

How do you handle this basic requirement so that there are no residual balances in the Reporting ledger currency.

Content (required):

I am sure this must be a standard scenario.

For example

PRIMARY LEDGER

AR Invoice in UK Ledger (GBP currency) created on 01- SEP-22 100 GBP

REPORTING LEDGER

The system uses exchange rate of 01-SEP-22 of 1.1 USD.

Reporting Ledger (USD) 110 USD

PRIMARY LEDGER

Credit Memo created on 10-OCT-22 100 GBP

REPORTING LEDGER

Now the system is using the accounting date associated with this CM for pushing to RL

If the exchange rate on 10-OCT-22 is 1 USD

Then Reporting Ledger (USD) becomes 100 USD

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