You’re offline. This is a read only version of the page.
31
Hello,
We are trying to post a journal using the Intercompany Accounting Functionality and are having issues with currency. Scenario below:
Company A in Japan - local currency JPY (Originating Company)
Company B in Korea - local currency KRW (Destination Company)
Company A needs to recharge a transaction to company B, where this transaction is in KRW not JPY. The transaction also needs to be posted using a different exchange rate (1 KRW = 0.104114858824 JPY) to the current exchange rate in the system (1KRW = 0.103248157594 JPY).
When we try to post the journal we can see the journal does not balance:
So we tried to change the top line that is posted to Company B (Korea) legal entity to 10.41 JPY to remove the imbalance, which works in the sense that the journal successfully balances and posts.
However when we look at the voucher in Company A (Japan), the line going to the intercompany balance sheet account has been converted to JPY - therefore when we run system revaluation it will not revalue this amount.
Does anyone have any ideas on how do we get the journal to balance and post in the correct currency (KRW) in Company A (Japan) so that we can revalue the transaction?
Thank you
Hi Dee,
When I look at the first screenshot, the exchange rate on both lines were different. That could have caused the imbalance. Instead of correcting the exchange rate, on screenshot 2, the currency got changed.
Share
Report
All responses (
Answers (
