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What will be the conversion date for the asset posted in Secondary ledger?

in Assets 5 comments

Summary:

Business Scenario:

• There are 2 ledger one is primary ledger in GBP Currency and secondary ledger in USD currency.

• Project Invoice is created in AP of GBP 100 on Jan-23 and same has been accounted in secondary ledger as USD 110.

• Same Invoice has been imported in Project Costing on Jan-23 as GBP 100 and USD 110. There is no accounting happened in Project Costing (accounting is already done in AP module)

• Transfer it from Project Costing to Fixed Assets on Mar-23 and same has been accounted on Mar-23

• What will be the conversion date for assets accounted in secondary ledger (i.e. system will pick the conversion rate of WIP/AP Invoice i.e. on 15-Jan-2023 or the date on which assets gets accounted i.e. on 15-Mar-2023)?

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