Hi, we have a scenario with A holding company with SEK as a base currency and daughter companies with EUR, USD, KRW, CAD and AUD As of 01/01/2021 the income statement value for 2020 is automatically shown on the retained earning line in the Balance Sheet on Equity. Given US as an example with $134 753,58 USD In the consolidation at 2020 year end this is worth 708 043,31 sek and in the retained earnings line in the balance sheet as of 01/01/2021 it is still worth 708 043,31sek In Sweden we have to move the value from retained earnings up to another equity account between March and May 2021. However this automatically leads to a translation effect in the consolidation. In the US company the balance moves and retained earnings is 0 USD. The retained earnings value in the consolidation for the US subsidiary is then -415 000sek on the retained earnings account due to the consolidation exchange rate at the given point of time within the same account type. This behavior/problem occurs in many situations. E.g. In the P&L something is booked to 1 account in January but needs to be corrected to another P&L account in February. There is an instant impact in the consolidated figures in SEK. Is this the standard behavior or are we doing anything wrong?

this is standard netsuite behaviour. You can post a journal to your SEK elimination entity (with the other side going to FCTR) if you're confident the net impact on the consolidated P&L should be zero