Fixed Assets Conversion Rate for Reporting Currrency

Hi,

I want to understand how the mechanics of Reporting Currency ledger is working with Fixed Assets.

Our Primary Ledger currency is USD and we have Reporting Currency in ILS and Currency Conversion Level of Subledger. We are using Mass Additions to import invoices in ILS for fixed assets. The entered currency for the Addition journal entries for assets coming from the Mass Additions is USD.

When the journal entry is recorded for the Reporting Currency in ILS we see two scenarios:

• If the asset was order as Expense line in the PO, the conversion rate is from the date of the invoice - this date is different from the GL Date of the journal entry