Consolidation Issue after purging Translation Balances
My company has been consolidating results in USD for over ten years and have never purged the Translation Balances . This resulted in translation program to run in excess of 19 hours for each period consolidation.
So we tested the purge in a test envcironment ( cleared 67million trnaslated balances. ) This resulted in the translation process ( at PTD) toirun in less than two hours.
However the Transfer to the consolidated ledger resulted is out of balance entries affecting the Balance Sheet accounts . P& L accounts are fine .
Does anyone have exact steps in Translation and Transfer to Cnsolidation Ledger. process. WE have always used PTD tranalation and have never been out of Balance.