Archivi categoria: HFM Consulting

Customizing equity movements translations

HFM provides a Closing rate to translate Balance sheet data and an Average rate to translate Profit & Loss data. There is not an Historical exchange rate to translate the equity movements.

A quick solution to keep the equity translated at the historical exchange rate is a manual journal entry with journal HFM module.

Another solution developed by Experlab is an HFM rule on consolidation currency: all the exchange effects on equity accounts coming from a different Closing rate are reversed on a single equity account.

For more info on this or other HFM translation topics: mailto or