Enhancements to Foreign Exchange Rate Translation

Tax Reporting now allows for a target Account to use the same Foreign Exchange (FX) translation rate as another source Account.

Business Benefit: With this new capability, an account can be configured to match the FX rate of another account. This applies for Credits, Losses, NIBT Book Adjustments, NIBT Reclassifications and others.

Key Resources

• Working with Source Account Foreign Exchange (FX) Rate in Administering Tax Reporting