Currency Consolidation creates journal entries in consolidation companies after applying currency exchange rates. For more information see Multi-Currency Reporting.
Enter the Year and Fiscal Period you wish to consolidate. Journal entries will be dated with the date of the Cutoff Date.
The Cutoff Date will default to the last day of the fiscal period. You may enter an earlier date as long as it exists in the period.
All foreign entities will be consolidated at the same time.
The Currency Consolidation features may be run multiple times for the same period. If journal entries exist for a period, they will be replaced with new entries for the period using the exchange rates that exist at the time the feature is run.