Hello -
I have a few questions related to running the FX process in AX 2012.
Our main reporting currency is USD, but we do business in CAD as well, which is consolidated at month end into USD reporting value. At the end of each month, I run the FX process in both the US and Canadian entities on all asset, liability, profit and loss accounts.
1. When I run the FX process on an account that now has a zero ledger balance, why does it create an FCR entry for that month if there was no activity and the G/L balance is zero?
2. When I revalue the intercompany AR / AP accounts (mainly used for shared service management fees), my AR / AP is no longer in balance after the revaluation, causing the elimination on the consolidated balance sheet to leave a balance. Do I need to adjust the revaluation portion back out so the elimination will net to zero? Or do I leave it and adjust for it in our monthly workpaper as a separate line for "unrealized gain/loss"? (Having the same issue in other accounts, but this is a prime example)
3. I do monthly postings to adjust for the Cumulative Translation FX adj in a mock statistical ledger account to bring the consolidated balance sheet into balance at the end of each month when I run management reporter. I enter the value needed on the Canadian entity in AX in USD, then US in USD. When management reporter pulls the account data, it is converting the Canadian side that I originally entered in USD and converting it so that my output is not the exact number that I need. How do I standardize the account setup so that it pulls the exact number that I entered in USD on the Canadian side onto the management reporter reporting?
Your assistance is very much appreciated! Thank you!