aaz
11/27/2024, 12:03 PMCeligo AI
11/27/2024, 12:03 PMAI generated answer (using internal Slack threads):Based on the conversations, to effectively disable a subsidiary so that it wouldn't generate currency revaluation journal entries (JEs), you would need to consider the following steps: 1. Inactivate the Subsidiary: Inactivating the subsidiary is a good first step, but as you mentioned, it might not be sufficient to prevent any related JEs. 2. Zero Out Balances: You can manually create an elimination journal at the end of each month to zero out the subsidiary's financials at the consolidated level. This way, you can still run the subsidiary's financials separately and the consolidated financials won't include the subsidiary's financials. 3. Adjustment Only Book: You might want to create an adjustment only book for your parent. Then you can post the zeroing journal/trial balance into that AO book which will represent your consolidated amounts. This will work only if your parent sub is a consolidating sub (i.e., the subsidiary itself has no activity). 4. Create a New Subsidiary: Alternatively, you may want to create another subsidiary and post your journal there. If you create a zeroing journal in the new sub, your consolidated financials will reflect your current status. 5. Foreign Currency Variance Posting Rules: If you have certain intercompany loans that require special FCTR effects, you can use Foreign Currency Variance Posting Rules. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Celigo AI
11/27/2024, 12:04 PMSlack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.849917173
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.84717834
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.846455395
Celigo AI
11/27/2024, 12:04 PM