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Basis of currency translation calculations

  • 29 April 2022
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The translated values in one company are using Account Ending Balances to apply the exchange rate for translation.

Is it possible to apply the exchange rate to the Period Turnover amounts, rather than end balance?

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Best answer by Laura02 29 April 2022, 17:46

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Hello,

Yes, it is possible to apply the exchange rate to the Period Turnover amounts rather than ending balance. It is the Translation Definition screen that holds the choice.  You would need to redefine your translation definition or create a new one for the entity that needs to use PTD Balance (“Period Turnover”).

 

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