How to get Translated Amounts to match Reporting Currency Ledgers
We are translating all our INTL ledgers to USD, then consolidating into our USD Consolidation Ledger. We have some accounts with historical amounts. This is working fine, and as expected.
We have just created RC-USD (Reporting Currency) Ledgers also for our INTL ledgers. We want to be able to view the USD converted amounts more than once a month at consolidaiton time. We cannot get the RC ledgers to match the Translated Ledgers.
Is there no way the RC ledgers can use the Historical Amounts? If not, how would we make them match? The only solution I see is to journal directly to the RC ledger any Historical Amounts we make for the translation. We don't want this extra work, plus do not know if there are any other ramifications going forward.