[jinman85]

I have a client with a subsidiary structure like so:

Company A : Euro (Grandparent)

Company B: British Pound (parent)

Company C: Euro (child)

Elimination Subsidiary Euro

During the profit and loss Company C is not translating 1 to 1 with Company A currency. There is a loss. A solution proposed is to update the Journal Entries to the inverse of the consolidated average but that doesn’t seem right. Has anyone else had similar issues with trying to get a child to be equal to the grandparent? I found another thread which was similar but not the same

https://usergroup.netsuite.com/users…considerations

Any assistance, especially from accounting personnel would be greatly appreciated.
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[Olivier Gagnon NC]

Right what happens is the Euro gets converted to GBP which gets converted to Euro.

The simplest fix is to ensure the consolidated exchange rate between B and A is the exact inverse of the rate between C and B. Of course that will also affect all other children of B and B itself.

Do NOT modify the exchange rate of any transaction as that has nothing to do with consolidated exchange rates.

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