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Occupier will prompt for an FX rate if the Reporting Currency of the legal entities associated with the lease is different from the currency of the lease.
Where do I find the reporting currency of my legal entities and subsidiaries?
To review the Reporting Currency, go to the Settings by selecting the profile icon on the top right hand corner of the application. Then refer to the "Legal Entities" section on the bottom left. The Reporting Currencies will be listed next to the legal entities, as shown below:
Where can I find the currency of my lease?
To verify that the lease's currency is different from the Reporting Currency of the related legal entity, you will need to check the specific lease within the Lease Administration.
To do this, navigate to the "Financials" tab of the chosen lease, where you can view the currency associated with each rent type.
How do I add the FX rate in accounting to convert my lease schedule into the reporting currency?
The FX conversion of a lease into the reporting currency is only possible within the accounting module. If the lease currency is different from the reporting currency of the Legal Entity, the lease wizard will prompt you to enter an FX rate at the commencement date during the initial measurement process in step 1.
For additional guidance on updating FX rates at the end of each period and calculating gain or loss entries, please refer to this article for comprehensive instructions on managing FX rates and understanding the FX Gain/Loss process How Do I Utilize FX Rates In Occupier.