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Availability of standard process/report for automatic Currency Translation (not Revaluation)

in General Ledger & Intercompany

We are currently investigating the functionalities within the General Ledger (GL) module and would like to confirm if there is a native, standard process or report to perform automatic Currency Translation.

To prevent any terminology confusion, we would like to clarify our exact requirement:

  • What we need: A process that takes the account balances from our ledger in the functional currency and translates them into a reporting currency (e.g., USD or EUR) utilizing the appropriate exchange rates (historical, average, period-end) for consolidation purposes.
  • What we DO NOT need: We are not looking for the Currency Revaluation process (unrealized gains/losses from exchange rate fluctuations), nor are we looking for inflationary adjustments/re-expressions.
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