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ReportHi,
I am doing consolidation in Management reporter and facing issue in currency translation for opening balances translation.
I have parent co. in INR and 2 A and B subsidiaries in EUR currency. Consolidation will be in INR therefore need to convert EUR TB in to INR. As per Indian consolidation rules I need to translate
S.capital - Historical rates
Reserves - Closing rate
Investments - Historical rates
Fixed assets - Historical rates
Other Balance sheets items - Closing rate
P&L item - Average rate
Now I am facing issue in using historical rates for opening balance taken from legacy system - AX is live from 31st march 2015. I have uploaded the opening balance TB as on 31st march in AX 2012 from legacy system.
My chart of account is shared across all the companies. I have defined for share capital main account
- exchange rate type = default and
- method = transaction date.
Now Historical rate for s. capital of company A is 60 $ as it was done in April 2012, Company B historical rate for s. capital is 62$ as it was done in June 2012.
On 31st march 2015 when I uploaded the TB my rate is 61.50.
In management reporter translation for share capital happens at 61.50 where as it needs to be for company A at 60 and company B at 62.
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