Knowledge Base Article

Question : Is it possible to have a historical override for a single account, but for multiple currencies?

Question (cont)

If I have an equity account which I would like to have a USD override amount, a GBP override amount, etc.  On the Override account settings, I can only choose 1 currency.  How can I resolve this?

Answer

  • Yes, this is possible but on your closing balance Flow member, you will have to use a rule instead of the “Source Member for Alternate Input Currency” property, since as stated in the question, you can only choose one member here.
  • The flow would look something like this:
    • Opening
    • Activity
    • FX
    • Closing
  • This member would have a rule that uses this logic:

If base entity and foreign currency then

  If currency is EUR, then = Override_EUR

  If currency is GBP, then = Override_GBP, etc…

End If

  • Overrides (one for each potential currency you need)
    • Override_EUR
    • Override_GBP
    • Override_USD

Source: Office Hours 2019-7-25 - Partner Enablement

Updated 2 years ago
Version 2.0
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