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Multi currency Project Cost Transactions using the same Rate Type

in Project Management 1 comment

Summary: Multi currency Project Cost Transactions using the same Rate Type


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Hi Team ,

I have a use case on Multi Currency Transactions in Project Costing.

In Configure Business Unit Functions for a given BU , i have selected the Currency Conversion Rate Type. As per Standard Functionality, the same Rate Type will be defaulted on to the Project and when Creation of Project Transaction in Other currency(USD)other than Project Currency (EUR) and Ledger Currency (CZK).The Recalculation of Costs on the transaction are considering the defined Rate type on the Configure Business Unit Functions task.

Do we need to Incorporate the 2 Conversion rates between Project Currency(EUR) and Transaction Currency(USD) and between Transaction currency (USD) and Provider Ledger currency (CZK) as on the date of transaction ?

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