Consolidation and Translation Methods

quidamm

I'm trying to import Consolidation files (XML format) from a separate database in a different currency. Ideally I'd like to use the exchange rates from the subsidiary companies (external DB). From my research, testing, and code deciphering it appears Navision only uses the subsidiary exchange rate if I choose 'Historical Rate' as the translation method for every GL Account. Unfortunately... I don't believe this is GAAP compliant. Not really clear why 'Historical Rate' is even an option. Really need to have 'Closing Rate' for all Balance Sheet accounts and 'Average Rate' for all Income Accounts.

Does this make sense to anyone? Am I missing something or is Navision just not working properly here? Any input would be helpful. Thanks in advance and hope to see you at Directions in Atlanta next month!