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Forum Discussion
Functional currency not Translating correctly to Reporting currency
Hi All,
For some reason, local entities are translating incorrectly to reporting entity - they are not using the FX rates given. The FX setting are to use scenario FX rate setting (see screenshot)...
chul
OneStream Employee
OneStream EmployeeI'm unable to follow the screenshot but my suspicion is that you're using a flow account type along with flow member with the switch type set to true resulting in the account becoming a balance account type which translates at the closing rate based on your settings.
For example: this below is translated to reporting currency report
And the below is local currency report
| RatesType | Rate | ||
| Revenue and Expenses | AverageRate | 9.38191 | |
| Asset and Liabilities | ClosingRate | 9.39572 |