Forum Discussion

mfbradford's avatar
mfbradford
New Contributor
2 years ago

Zeroing-out a local Euro Entity, still has USD amounts in RE that need to also zero-out.

Wondering how we can zero-out the translated FX noise in a local (Euro) base entity that has the accumulated FX noise showing up in USD after the entity has all of its local currency balances zeroed ...
Data Management
Transformation
Henning's avatar
Henning
Valued Contributor II
2 years ago

Hi,

Ideally, one takes time to post the offsets and checks the translation rules to align all of this so this also balances out after the translation. I do recognize that this takes time and costs money. One of the other approaches for you may be test setting the percent consolidation of that entity to 0% from a certain month onward as this setting can vary by time.