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    • Project cost and billing amount differ for foreign currency invoice entered in AP in closed period

    in Project Management 1 comment

    Summary:

    Different project cost and billing amount for foreign currency invoice, when entered in AP and invoice date falls in closed accounting period.

    Content (please ensure you mask any confidential information):

    When we enter a foreign currency AP Invoice with invoice date falling in a closed accounting period, exp item date will be 27-Dec-24 (Invoice date) but conversion rate date will come from accounting date which is 1-Feb-2025, instead of invoice date 27-Dec-2024.

    Downstream billing will happen based on FX rate as of exp item date (27-Dec-2024) while project cost used the FX rate as of 1-Feb-2025.

    Version (include the version you are using, if applicable):

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