10-27-2023 06:40 AM - last edited on 10-27-2023 09:41 AM by JackLacava
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), not the cube.
When doing the recon - I identified the differences when translating (see screenshot). Additional, it's taking amount not reported in local entity, and reporting it to reporting entity.
What could be the problem?
10-27-2023 10:28 AM
Could be many things but given you're looking at CF, take a look at your account and flow settings to ensure they're correct.
10-29-2023 01:12 PM
The account and flow settings are correct. What else possibly I can look at?
10-29-2023 02:58 PM
Let's start with basics, does AccountTypes are correct, on each account?
10-30-2023 03:05 AM
yes they are correct.
10-31-2023 04:16 PM
I'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.
11-01-2023 04:10 AM
I'm using revenue account type, and switch type is set to false
11-01-2023 04:16 AM
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 |