GL Consolidation - Currency Translation 1

[johnhugh]

Hi, In Accpac 6 GL Consolidation under the Currency tab on the export setup screen, I can choose a translation rate date either for the fiscal period or the transaction date.
When choosing transaction date, does it expect a FX rate for every day or will it just go to the last rate it could find, i.e. if the transaction occurred on the 14th May but the latest FX rate it could find is from 10th May, does it use this rate or will it show an error?

It seems to require a daily rate and does not just use the latest rate it can find but would like to make sure.

 

[ettienne]

It looks for an exact date match.

 

[johnhugh]

Thanks ettienne

 

[johnhugh]

Actually that not correct. It uses the last FX rate it can find.
No exact match.

 

[ettienne]

It depends on your currency settings: earlier, exact or later.

 

[johnhugh]

correct