nanda_raote
Active Member
We are considering using the AD ledger as an intermediate step between AA and AC.
When a foreign auto-reverse accrual is posted it uses the same exchange rate for both the original (e.g. at 31st of the month) and reversal (e.g. on 1st of next month). When restating into the AC ledger there is always therefore a variance in line with the change in exchange rates from one month to the next. By going through the AD ledger we hope to be able to eliminate this variance.
Has anyone tried this?
Has anyone addressed the issue in any other way?
Thanks
Nanda
When a foreign auto-reverse accrual is posted it uses the same exchange rate for both the original (e.g. at 31st of the month) and reversal (e.g. on 1st of next month). When restating into the AC ledger there is always therefore a variance in line with the change in exchange rates from one month to the next. By going through the AD ledger we hope to be able to eliminate this variance.
Has anyone tried this?
Has anyone addressed the issue in any other way?
Thanks
Nanda
