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SBIE Average Rule calculation in Translated currency is Likely Off

in Tax Reporting (Direct Tax)

Summary:

The SBIE Average rule in Translated currency looks off. After translating the opening & closing balance amounts, the average value is also translated using the average FX rate, instead of taking the average of the translated opening & closing balance amounts. Please see example below and help suggest any workaround for the below.

Content (please ensure you mask any confidential information):

For example: in screenshot below,

Entity Currency of "Average-SBIE Tangible assets" is 151727 (As expected)

SGD reporting of "Average -SBIE Tangible assets" is calculated as Entity currency * Avg FX rate (151727 * 0.881849) = 133800 as shown below in automated column

Manual calculation is (254080 + 13644)/2 =133862

Globe income automation configuration

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