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ReportWe are working to implement some new exchange rate tables that we would like to utilize from a specific day forward (Start of the new month). These new exchange rate tables will utilize a different rate source and transaction rate default than the previous ones had and will effectively replace the old exchange rate tables.
My plan right now is to:
- Inactivate the current exchange rate tables in Multicurrency Access. I think I would want to perform this after the month end revaluation had been completed, which is typically a few days into the new month. The reason I think I want to do this is so that the existing transactions in the previous month can be 'finalized' using the old exchange rate tables.
- Provide access to the newly created exchange tables.
My concern is with the possibility of clashing exchange rates and transactions from previous months that haven't posted no longer able to access exchange rates. I had really hoped to find some kind of definitive guide on how I might go about this - but have not.
Some thoughts....
- Perhaps I need to enter in historical rates for my new tables to ensure that older transactions can find an exchange rate.
- My new Exchange tables are utilizing the 'Previous Date', with no expiry date and an arbitrary 7 day search criteria.
I hope that some one can point me in the right direction or provide a little more insight. My stumbling block is really that transition from an existing exchange rate table to a new exchange rate table in some orderly fashion.
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