Example: Multicurrency Intercompany Settlement
In this example, you create a journal entry for 1,000.00 USD to transfer funds from a U.S. company (company 1) to a French company (company 70). The exchange rate is 1 USD = 1.08596 EUR.
In this example, you create a journal entry for 1,000.00 USD to transfer funds from a U.S. company (company 1) to a French company (company 70). The exchange rate is 1 USD = 1.08596 EUR.