Translation of Target Movement Using Source Movements for FX Rates

You can now use a Movement member as a source to translate target movement members, reducing the need to load FX override rates across multiple data points. 

To support this functionality, two new metadata attributes have been introduced, including “Is FX Source Rate Movement” and “FX Source Rate Movement” (lists all Movement members with the "FX_Source_Rate_Movement_Yes" attribute set).

Note: This enhancement is enabled by default.

Additionally, two new forms, FX Amount - Tax Losses Override and FX Amount - Tax Credits Override, are now available under Library: Tax Administration: FX Rates.

Business Benefit: This update reduces manual effort and potential errors, centralizing FX override management for improved accuracy and efficiency in tax and FX processes.

Key resources

• Administering Tax Reporting
  • Translating Target Movement Using Source Movements for FX Rates
  • Translation Order of Precedence
• Working with Tax Losses DTNR and Tax Credits DTNR in Working with Tax Reporting