Hi
my problem is Translation reserve in balance sheet and how to put it in powerpivot.
I am consolidating a group of 10 subsidiaries and some have different functional currencies. I need to translate the balance sheet accounts to FX rate at the last day of the month and the P&L accounts to average FX rate for that month and this is not a problem.
Problem is the difference which arose for using this two FX rates and my balance sheet don't balance. I can't find a way to put this difference as a Translation reserve.
Please could You help
Thanks in advance
my problem is Translation reserve in balance sheet and how to put it in powerpivot.
I am consolidating a group of 10 subsidiaries and some have different functional currencies. I need to translate the balance sheet accounts to FX rate at the last day of the month and the P&L accounts to average FX rate for that month and this is not a problem.
Problem is the difference which arose for using this two FX rates and my balance sheet don't balance. I can't find a way to put this difference as a Translation reserve.
Please could You help
Thanks in advance