Dear BPC users,
I cannot find any solution to my need in documentation so I request some help from the experts..
My need is to achieve Interco Reconciliation in Transactional currency with BPC 10.1. We have used the Starterkit IFRS 10.1 to set up our Consolidation environment, but it only contains the IC reconciliation in LC/Group currency unfortunately.
A subsequent need is to be able to retrieve the LC data detailed by their original transaction amount in order to identify if their is any gap due to differences in the conversion TC->LC of each partners involved.
Example of the need:
Account TC Amount TC LC Amount LC Company Partner
A400000 USD 1000 EUR 800 Comp1 Comp2
L400000 USD 1000 MXN 13000 Comp2 Comp1
Group currency is EUR
Rate MXN to EUR is 1/16 , so L40000 for Comp2 = 812.5 EUR.
Reconcilation gap in Group currency is 812.5 EUR
I above case the ICMatching will find a gap of 12.5 EUR.
The only way to know that this gap is due to conversion from TC to LC is to have the detail per TC. Othewise you can think the problem is due to the recording of the IC transaction in one company or the other.
I have read the old How-to about BPC 7.0 but I didn't really understand how to adapt the ICmatching model with it.
=> Has anyone implemented the same need ?
My idea was the following:
- create in ICmatching a new dimension TrnCurrency with transactional currencies
- create in ICmatching a new dimension "ICSrc" to distinguish LC from TC. (this way I can load the LC values splitted by TC transactions)
- Load data in ICmatching from a file containing data in both TC and LC (such as example above). Instead of loading it from Consolidation Model as it is the starterkit.
However, if I do it this way, I cannot use the ICData program anymore. So I was thinking of rewriting what this program is doing.
Can anyone confirm if this program is only copying data from ICAuditID member INPUT to the members DEBIT1/CREDIT1 and DEBIT2/CREDIT2 ?
Any help or advise would be well appreciated!
Thanks a lot.
Alexandre