Define Average Rates Setup of Intercompany Solution
Note
This setup must be performed in the consolidation company.
This window enables you to define the average currency exchange rates. This setup is only used in the consolidation company. When consolidating account balances are based on average rate translation method, the system would use the average rates defined in this window.
To open the Define Average Rates window, choose Administration → Exchange Rates and Indexes → Choose the Define Average Rates button.
Define Average Rates Window
|
Field |
Description |
|
Currency Code, Currency |
Displays the currency codes and names as defined in the Currencies – Setup. |
|
Average Rate |
Enter the average rate for the currency. |
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