You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to convert Assets using Historical Rate in Reporting Currency

Summary:

We plan to create a new Reporting Currency Ledger with the Conversion Layer as Journal, currently their is an existing Reporting Currency tied to PL with Conversion Level as Balance but there is an accounting issue hence we plan to recreate a new RCL with Conversion Layer as Journal, i want to understand how do we convert the Assets with the historical Rate to the Reporting Currency so that there is no manual adjustment is neded

Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):



Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!