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Funds Check fails on Control Budget

Accepted answer
edited Jun 2, 2023 11:28AM in Purchasing 2 comments


Funds Check fails on Control Budget

Content (required):

Why is it that when a budget is created in currency CAD, and a requisition is raised on that budget in USD. the requisition amount uses the Corporate rate to calculate the converted amount between USD and CAD while Funds Check uses the Budget rate to convert the USD to CAD, which resulted in a greater converted amount and a lower available amount because the Budget rate is greater than the corporate rate.

Is it possible to set Funds Check to use the Corporate rate and not the budget rate? if yes, how do we make this change. What is the rational why the budget rate is used and not the corporate rate?

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