hello, i'd like to know how does everyone normally book intercompany fund transfers (in different currencies). there's a balance in the clearing account after consolidation since the bank transfer rate is different from the GL consolidated rate for that period.. To show and example: sub A: US bank -20000 sub A: interco clearing +20000 sub B: foreign bank + 20000 sub B: interco clearing -20000 I can't think of an easy and efficient way to clear out this balance besides booking a separate JE for it to go to exchange gain/loss.. ideas anyone?

@Katrina I had a similar issue. In my case the line level exchange rate on the transaction was not set to the bank's actual rate. PS: No one had seen the line level exchange rate as it was far to the right.

That's where it is. I've been using the old intercompany JE instead of the Advanced one. Thanks!