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TRANSLATION TO REPORTING CURRENCIES WHEN AN ENTITY IS LOCKED

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edited Aug 9, 2023 7:14PM in Tax & Global 1 comment

Summary:

TRCS received a new update in August 2023 to perform "TRANSLATION TO REPORTING CURRENCIES WHEN AN ENTITY IS LOCKED."You can now translate data to a reporting currency even if the entity is locked and its calculation status is “OK” or “System Changed”.This change eliminates the need for users to unlock an entity before translating data to a reporting currency, and enables the entity to remain locked for consolidation.

For Pillar II applicability analysis, we have enabled a new reporting currency - EUR and ran translation. The translation rule is successfully executed as the jobs card. However, the new update is not resolving the issue as the status of the newly added reporting currency is "

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