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Contract in Foreign Currency

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Summary:

Dear Experts ,

We are interfacing SMC contracts created in foreign currency in RMCS for Revenue recognition, however system is taking the SMC contract start date as the conversion date.

Our requirement is system should taken the GL conversion rate of respective period date for the revenue recognition

We have tried with both options of Disable override flag in system option with yes and no .

Disable override flag is set to no

  1. If we provide the currency conversion date in SMC contract then that date is taken for conversion for all periods current and Future .
  2. If we Don't provide the currency conversion date in SMC then contract start date is taken as currency conversion date for current and future period .

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