General Ledger - EBS (MOSC)

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Issue with revaluation process in Reporting Ledger

edited Nov 11, 2014 10:00AM in General Ledger - EBS (MOSC) 1 commentAnswered

Hi,

Can you help me with the below issue

An invoice related asset was created on 01-JAN-2014 and date placed in service was 31-JAN-2014. We have reporting ledger (USD) created with ‘journal’ level.

When invoice accounted in parables, below is the accounting entry replicated in reporting ledger using the currency rate available on 01-jan-2014.

Asset clearing account           Dr           160.56

Liability Account                     Cr                          160.56

When asset was created in FA, below is the accounting entry replicated in Reporting ledger using the currency rate available on 31-jan-2014?

Asset                                          Dr      161.29

Asset Clearing Account                Cr                      161.29

Now the asset clearing is getting knocked due to currency rate fluctuation.

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