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Can standard BPC support currency translation by using selling/buying - ending rate

jirapiengthong_9
Discoverer

Can standard BPC support currency translation by using selling/buying - ending rate instead of average ending rate ?

former_member186338
Active Contributor
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Please provide an example to illustrate your requirements!

What do you exactly mean by "selling/buying - ending rate"?

jirapiengthong_9
Discoverer
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vadim.kalinin Thank you for your comment. An example as per the picture below.

We used Mid Rate which’s an ending rate to translate balance sheet account in BPC like most company. Requirement change is using selling rate (ending rate) to translate account type liability and using buying rate (ending rate) to translate account type asset. I am not sure this because of the limitation of standard BPC. As, most company which using BPC using mid rate instead of selling/buying rate.

Looking forward for your suggestion.

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Answers (1)

Answers (1)

former_member186338
Active Contributor

For sure you can create multiple rate types, load multiple rates in Rate model and assign different rate type to different accounts.

jirapiengthong_9
Discoverer
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Thank you very much for your kindly suggestion. I will test it.