Retained earnings calculation enhancements for financial reporting when using currency translation


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Enabled for Public preview General availability
End users by admins, makers, or analysts This feature is released. Sep 3, 2019 Jan 2020

Business value

This feature improves the precision of calculations of retained earnings when earnings are calculated across multiple years using currency translation.

Feature details

When you enable this feature, any retained earnings account that has the Currency translation type set to Transaction date will calculate the translated balance of the account using rates and balances from its entire history, rather than only the year and rate.