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IC Contract in Multi currency

in Project Management 1 comment

Summary:

Has anyone facing issue with currency conversion with IC contracts with IC contracts in USD irrespective of functional currency of the region? example- IC contract is created in PHP to provide services to projects in US. IC contract is created in Philippines but with currency of USD. Once the labor cost is entered, transactional currency is calculated in PH but when the IC revenue is generated it does 2 things- Converts the burdened cost to contract currency in USD and then convert USD to PH because ledger currency is PH. There are 2 currency conversions happening...therefore for some scenarios where

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