How to transfer account balances in GL
How to transfer account balances from one balancing segment to another balancing segment in general ledger.
Scenario:
The balancing company segment # 35 have account balances in the accounts 310170 (Transactions with Owners Reserve), 320100 (Retained Profits) and 310200 (Share Capital) but these needs to be transferred to company segment as #HB.
The company segment #35 is in US Ledger and the currency is USD
The company segment # HB is in AU Ledger and the currency is AUD
These are historical balances created with Rate Type = Historical
There is no longer a need to hold these USD balances in company 35 and translate at month end.
So kindly let us know the process how to move/transfer the account balances from one company code to another company code and how to stop this translation process in GL.