Default Rates

The Default Rates for Balance accounts (Assets, Liabilities) and the Default Rates for Flows (Revenue, Expenses) must match accounts of CurrencyRate type.

OpeningRate, AverageRate, and ClosingRate accounts are provided. You should enter the corresponding rate account for the application.

You can override the rate applicable to NIBT at the entity and parent level using the NIBT Override Rates data form. See Data Form Names and Descriptions and Translation Rules.