Hi Andy,
Thank you so much for your reply.
This is very helpful. I really appreciate the detailed answer and the screenshots
I managed to consolidate the companies. but still I m unclear about a couple of things regarding translation rates.
from my understanding, in the business unit if Currency exchange rate table = Business unit, Then the Consolidation will read the rate from the Business unit , and we can set the rate on the screen you showed above. and which rate to be used for each account is defined on the account level in the chart of accounts.
but what if we chose currency exchange rate table = Local. That should mean that the exchange rates will be picked up from the consolidation company. In that case how will different rates come in play and how will the translation types that we select on the Account level make a difference?
Also, on the account level, there are Equity rate and composite rate, if I chose those rates, where will the rate come from?
Thanks
Ola
