Hi,

The reversal of journals for intercompany transactions can be set up to use the current month's foreign exchange rate. Here are the steps to configure this:

1. Navigate to the General Ledger responsibility.
2. Go to the Setup -> Currencies -> Rates menu option.
3. Ensure that you have the correct currency rates set up for the currencies involved in the intercompany transaction.
4. Navigate to the Journal -> Enter menu option.
5. Create the journal reversal, either manually or by copying an existing journal.
6. For each intercompany line in the reversal journal, enter the transaction date as the last day of the current month.
7. In the Accounting Date field, enter the date you want to reverse the original journal. This is typically the date of the original journal.
8. Enter the amounts for the reversal journal, making sure to use the appropriate accounts and currency codes.
9. Save the journal.

With this setup, the reversal of journals for intercompany transactions will use the current month's foreign exchange rate. This ensures that the reversal journal accurately reflects the exchange rate on the day the original transaction was posted.

Thanks & Regards,

App2fusion

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