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
