Hi,
We are planning to use standard currency update assistant with cross rate calculations.
We receive single currency file with one base currency and the plan is to update all companies with cross rate calculations. And we have around 20 companies in IFS which use different accounting currencies .
Does any one use this standard functionality and have you seen any issues in this functionality?
Thanks
Gayan
Try this forum post
Hi,
I like the currency update assistant - with the option to use a “task” . The task can then be used to update all 20 companies.
Assume corporate accounting currency is EUR, and the other companies are SEK, LKR, USD etc.
Then create 1 currency file based on EUR to SEK, LKR, USD and all other currencies.
The one file can then update the 20 companies with rates from SEK, to LKR, SEK to USD, LKR to SEK, LKR to USD etc.
You will need to make sure the various currency codes are set up correctly - per company.
This process will ensure the rates are updated across the organization.
In the currency update assistant the option to use a task is one of the parameters.
Best regards,
Thomas
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