USA Intercompany Currency Translations


Joined
Jun 7, 2021
Messages
3
Reaction score
0
Country
United States
How are Intercompany balances translated into the reporting currency? If our German subsidiary translates their USD payable account to spot rate at the end of each month, that balance won't match with our receivable here cause we have the actual USD balance they owe. Should we just make them match the USD amount we have on our books?
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top