PeopleSoft Translation (Translation vs Translation Within Ledgers) - Historical Rates
Hi,
Where a separate Ledger Group is created for the translation ledger (where Ledger Group Type = Translation) to the Actuals, how would we be able to set a certain journal to be translated using historical rates?
Investments in Subsidiaries and Equity Accounts are typically translated using historical rates, ie, when a journal is created, how would a user enter the translated amount and this amount will not re-stated in future months?
I am aware that this can be easily achieved using the Translation within Ledgers, Keep Ledgers in sync feature, where the Actuals and Translation ledgers are part of the same ledger group. When configured this way, we can enter the intended translated amount in the secondary lines of the journal which will never be re-stated.