Good afternoon
Currency translation differences are being generated when we consolidate, but we do not have any currency anywhere (that I can find) set to anything but USD in our IFS instance.
We were sold to new ownership in Period 6 of this year. In our Consolidation Structure we added the new ownership as the top node of the existing structure as of the event date, and moved the entire existing structure underneath.
The previous top node is where the currency difference is now being generated on the indicated posting controls in the period 6, 7 and 8 consolidations. The currency difference calculated during consolidation is the entire YTD NI for 2023 for that previous top node.
Any ideas what would be causing this and what we can do to remedy?
Thanks
Cynthia