Hello - I need some help with my company's Multi-currency consolidation. We consolidate 2 companies, 1 USD based and 1 GBP. Each month, I specify the closing rate to use as I consolidate, however the balance sheet accounts are not converted to that exact closing rate (it's close, however). The consolidation translation method on the balance sheet account cards are selected as "Closing Rate". I run the "adjust exchange rates" everyone as well.
I'm pretty confused, especially when I drill into the detail from the chart of accounts I can see that the entries for the GBP amounts say "converted at XXX", which is the rate I specified. However, if you do the calculation in excel it's not using the specified closing rate. Any ideas? Looking back, I see that the GBP company consolidated at the expected rate for many months, and then 12 months ago stopped. I haven't changed my process and I don't see anything strange in the month the consolidation rate stopped working as expected. Does anyone have any ideas?