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    • Reconciliation Balances in Entered and Functional Currency

    edited Mar 7, 2025 8:44PM in Account Reconciliation 9 comments

    Summary:

    Reconciliation Balances in Entered and Functional Currency

    Content (please ensure you mask any confidential information):

    Our functional currency for the French local COA and ledgers is EUR but we also have many transactions in local currency like GBP and USD.

    So for one of our profiles and accounts, we have journals in GL in GBP and EUR. I set up and ran the integration between ERP GL Cloud and ARCS with the category being Functional, currency GBP and currency type Entered. When I imported data, the Functional GBP bucket was populated with the balances, but the Functional EUR bucket and Entered GBP buckets had no balances. I would have expected that the converted amount from GBP to EUR as mentioned in the GL journal would be populated in the Functional EUR bucket. But then again, we have not imported currency

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