Hi,
we have 2 subsidiaries- AUS & EUR.
we have consolidation company using USD as denominated currency.
I have set up Currency Exchange Rate Table field to specify consolidation uses exchange rates from consolidated company.
set up business card >currenyc exchange rate table to Local and data source to Local for both subsidiary business units ( EUR & AUS)
Consol translation method for all Balance sheet accounts set as Closing rate and P&L account as Average rate manual.
Have entered exchange rates for Aug 2024 - 1st to 31st on consolidated books for AUS & EUR.
Now when consolidation process is run, I realised that 'Average currency rate factor ' and 'Closing currency rate factor' both are same as Closing rate.
My question: average rate is not calculaed automatically and used up in the consolidation process?
Is this an intended fucntionality that average manual rate are not AUTOMAtically calculated n picked during consolidation process?
should the average manual rate be entered MANUALLY at the time to consolidation process?
kindly confirm,
appreciate replies and comments.
thanks
Vijaya
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