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Q
Qiniso
Newcomer
October 27, 2023

Functional currency not Translating correctly to Reporting currency

  • October 27, 2023
  • 3 replies
  • 0 views

Hi All, 

For some reason, local entities are translating incorrectly to reporting entity - they are not using the FX rates given. The FX setting are to use scenario FX rate setting (see screenshot), not the cube. 

Qiniso_0-1698402877206.png

When doing the recon - I identified the differences when translating (see screenshot). Additional, it's taking amount not reported in local entity, and reporting it to reporting entity. 

Qiniso_0-1698403236047.png

 

What could be the problem?

3 replies

C
OneStream Employee
chulOneStream Employee
OneStream Employee
October 27, 2023

Could be many things but given you're looking at CF, take a look at your account and flow settings to ensure they're correct.

Q
QinisoAuthor
Newcomer
October 29, 2023

The account and flow settings are correct. What else possibly I can look at?

R
RafaelVidal
Newcomer
October 29, 2023

Let's start with basics, does AccountTypes are correct, on each account? 

Q
QinisoAuthor
Newcomer
October 30, 2023

yes they are correct.

C
OneStream Employee
chulOneStream Employee
OneStream Employee
October 31, 2023

I'm unable to follow the screenshot but my suspicion is that you're using a flow account type along with flow member with the switch type set to true resulting in the account becoming a balance account type which translates at the closing rate based on your settings.

Q
QinisoAuthor
Newcomer
November 1, 2023

I'm using revenue account type, and switch type is set to false

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