Consolidated Exchange Rates vs. Currency Exchange Rates
The following table summarizes the differences between consolidated exchange rates and currency exchange rates:
|
Consolidated Exchange Rates |
Currency Exchange Rates |
---|---|---|
Applied to: |
Consolidated reports and transaction saved search |
Transactions |
Set per: |
Accounting period |
As of effective date |
Each rate translates between: |
Base currencies for one pair of related subsidiaries |
Base currency and one foreign currency |
Updated by: |
Manually editing, auto calculating rows, or both in the Consolidated Exchange Rates table. You should auto calculate consolidated rates for each accounting period before closing the period. See Using the Period Close Checklist. |
Manually adding new rows with new effective dates to Currency Exchange Rates list, or using Currency Exchange Rate Integration feature for automatic daily updates. |
Related Topics
- Consolidated Exchange Rates
- Consolidated Exchange Rate Types
- Viewing Consolidated Exchange Rates
- Editing Consolidated Exchange Rates
- Calculating Consolidated Exchange Rates Automatically
- Consolidated Exchange Rates on Reports
- Search for Consolidated Exchange Rates
- Consolidated Exchange Rate Types for Transaction Searches