Reporting Currencies with Conversion Level - Journal

Summary:

Content (required):

Hi Experts,

Here is the scenario:

Primary Ledger: with Global COA, Global CAL, CLP (Chile Peso), IFRS accounting method

Secondary Ledger: with Global COA, Global CAL, CLP (Chile Peso), USGAAP accounting method

Secondary Ledger Reporting Currencies: with Global COA, Global CAL, USD, USGAAP accounting method (For Consolidation)

(Enterprise structure defined above to meet the consolidation requirement where Parent company is in US following Global COA, Global CAL, USD, USGAAP accounting method)

Use case:

Primary ledger transaction:

We created an invoice in Primary ledger as on 6th Oct 2023 with CLP 5,060,000.

We made a payment in Primary ledger as on 10th Oct 2023 with CLP 5,060,000.