Transactions system  If the conversion rate is not defined for a specific transaction date, the application searches back to find the closest conversion rate  For converting the transaction amount to the bank account amount  The application uses the bank conversion rate type (BANK_EXCHANGE_RATE_TYPE) from the bank account that corresponds to the transaction used  For converting the transaction amount to the ledger amount the application uses the conversion rate specified for the transaction .
How other converting rate manage making systems transactions?
If the conversion rate isn't defined for a specific transaction date, the application searches going back up to 1 year to find the closest conversion rate. Various conversion rate types are used for different conversions like from transaction amount to bank account amount, ledger amount, or reporting amount. If the conversion rate isn't defined for a specific transaction date, the application searches going back up to 1 year to find the closest conversion rate. Various conversion rate types are used for different conversions like from transaction amount to bank account amount, ledger amount, or reporting amount. If the conversion rate isn't defined for a specific transaction date, the application searches going back up to 1 year to find the closest conversion rate. Various conversion rate types are used for different conversions like from transaction amount to bank account amount, ledger amount, or reporting amount.