Let's Reconnect, thank you for making 2022 our best year yet.

Look Back
Ability to retain exchange rate for Accruals transactions and adjustments in projects — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Ability to retain exchange rate for Accruals transactions and adjustments in projects

Received Response
1
Views
1
Comments
in Project Management 1 comment

Summary:

Ability to retain exchange rate for Accruals transactions and adjustments in projects 

Content (required):

Hi Team ,

As per business requirement, client wants to retain the exchange rate on Project accrual transactions and Adjustments in project costing.

  1. Accrual transactions : An Miscellaneous cost is created on 8th march 2022 in different currency than project functional currency in Projects with accrual flag set as Yes . As per the standard functionality when the next period open i.e. on 1st April 2022 the transactions are reversed with the exchange rate as on 1st April. But client expectation is , to transaction should get reversed with exchange rate as of the expenditure item date created i.e as on 8th march 2022.
Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!