How is Interim Currency Calculated

Interim currency values are calculated for entities having local currency same as the common currency. Planful provides interim currency data for all entities, including the entities having local currency same as the common currency.

When Interim currency calculations occur for the first time (there is no previous period data) for entities which are in common currency, the resulting scenario MTD and YTD calculations will be incorrect. Specifically, MTD calculations for Balance type accounts and YTD calculations for Flow type accounts will be incorrect. To resolve this issue, run the Consolidation Process for the entire year (beginning of the financial year to the current period). Reprocessing these periods will not impact any of the local or common currency data, but will update the interim currency data for the entities in common currency.