BPC 7.5: FX rate for opening balance from different category

Hi,
I have three categories in my system, ACTUAL, ESTIMATE and BUDGET. When we submit ACTUAL data, we also submit a forecast for the year end period (DEC in our case). We also have currency rates for FORECAST for the DEC period.
We are now working on the budget and the opening balances (business rule) are coming from the forecast since we obviously do not yet have actuals.
This copying works fine (CATEGORY_FOR_OPE on BUDGET is set to FORECAST).
However, when we run a currency conversion, we have a problem. The opening balances are set to convert at the previous year end rate which is fine. But the system uses the BUDGET category rates whereas we want it to use the FORECAST rates. But only for the opening balances, all other flows should be converted using the BUDGET rates.
Is it possible when using the currency conversion business rule, to use the FORECAST rates from the previous year end for opening flows but BUDGET rates for all other flows?
Thanks,
Arnold

Hi Arnold,
Yes this can be done.
Basically in your FX business rule table you need to have your opening flow/acctdet to use the formula [AS_IS]. This will take the group currency value from the previous period (in your case the last period of year -1 in the FORECAST category) and enter that value in the group currency field in the current year for BUDGET.
Note - If you are doing detailed balance sheet planning and you need it to always to balance to 0, then you will also need to put a line in your business rule to take [END]-[AS_IS] to the currency translation reserve. Otherwise this [AS_IS] value in GC will mean your GC balance sheet will be out of balance.
Hope this solves your issue.
Tom.

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BPC 7.5: FX rate for opening balance from different category

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