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Is the reporting currency ledger functionality the best option for translating balances?

in General Ledger & Intercompany 1 comment

Summary:

The client executes the translation process at the accounting closing (balance sheet accounts with the closing rate and income statements with the average rate) and after this translation it is necessary to make some manual adjustments to the translation currency.
Is it possible to execute this procedure with the Reporting Currency Ledger functionality?
If so, is this book like a secondary book?
If it is a secondary book, do I need to have a routine for opening and closing periods?


Content (please ensure you mask any confidential information):

Transactions: ARS - Argentine Peso
Translation: BRL - Brazil Reais
Adjustments:

Tagged:

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