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Exchange Rate Variance (ERV) Realized At The Time Of Payment Transferred to Projects Printable View

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in Project Management 4 comments

Summary:

Hi All,

For a PO with 3 way matching and accrue to receipt enabled and tagged to a Project, the receipts are created, accounts and imported to Projects as Actual costs. The perpetual receipt accrual functionality is used in Oracle Purchasing, Oracle Payables records exchange rate variances to capture the difference in exchange rate at the time of purchase order creation and when the AP Invoice is booked.

Please confirm how the impact of exchange rate variance due to the difference between the exchange rate at the time of PO Creation and booking of AP Invoice be imported to the Projects. Is there a functionality in Oracle which takes care of this requirement.

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