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Well I tested and would like to reconfirm that it wont be possible to make a journal entry or to upload with Accounting currency 'Zero" and reporting currency value as $1000Scenario isWe have Entity in Australia under Australian Dollar as accounting currency and reporting currency is USD, there are some adjustment required in USD per USA GAAP which wont impact AUD, Whats the best way to account for Would like to hear the feed back
thanks and kind regards
Hi,
Please wait for someone more experienced in this area to answer this question.
Best Regards,
Charlotte
By Normal JV it won't be possible.
However, it is possible to post with reporting currency only with the "Reporting currency adjustment journals" form.
Hi there,
Just FYI, I have just configured the reporting currency adjustment journal and posted correcting entries between GST Paid and GST Settlement Accounts (needed to temporarily adjust the posting type on both accounts to post the journal). The reporting currency is now zero as required. The TB columns for accounting and reporting currency are now both zero.
The accounting currency balance for both accounts were 0 and reporting currency showed balances that resulted from a transfer journal between the two accounts that was posted earlier in the month.
Hope that helps.
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