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Implications of changing Reporting Currency conversion level from Balance level to Journal Level

in General Ledger & Intercompany 1 comment

Summary:

We currently have a GBP Ledger with a Reporting Currency to USD set at the Balance currency conversion level. We would like to update this to be at the Journal level. What are the implications of making this update? How does it impact previous month translations that have been done? What are the steps to correctly make the update?

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