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Suite Answer 7711

edited 2:05AM in Ask A Guru

Hi All

I need further clarifications on Suite Answer 7711.

Based on the simplified example in Suite Answer 7711, has anyone ever able to manually work out the System Calculation of Consolidated Exchange Rates using the formulas explained in Suite Answer 7711 with live data financial result?

It seems tedious to manually sum up each Foreign Currency Transactions Total for all GL Accounts of the same General Rate Type every day if the daily rate is different? Transactions Total here means Debit less Credit Amounts or Debit plus Credit Amounts?

The Currency rate described in SA7711 is Default Exchange Rate from Setup and not necessary equal to the actual rate (if the rate has been manually edited in transaction before posting) posted in transaction right?

Thanks for your guidance.

Kedalene Chong

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