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Is it possible to record journal entry in two different currency in reporting currency ledger.

Accepted answer
edited Nov 15, 2023 1:20PM in General Ledger & Intercompany 1 comment

Hi Team,

We will record the journal entries in our functional currency in the primary ledger and in case of reporting in other currency, we do have reporting currency ledger with reporting currency to record the journal entries of primary ledger in the reporting currency.

But we have a requirement of recording journal entries in two different currency. Entered currency as FUNCTIONAL currency and Accounted currency as REPORTING currency in the reporting currency ledger. They want to see the journals or account balance in both currency.

As of current system functionality, is it feasible or not. If it's not feasible, what could be the suggestable way to adhere the requirement.

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