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All projects have been setup as "Indirect/Capital" project.
What would be the recommendation approach to capture exchange gain/loss in project modules?
Exchange Gain/Loss are always needs to captured in AP module or else need to be create a counter entry in GL for any pre-approved...
The Payables functionality creates ERV distributions with project information. ERV is the exchange rate variance between the receiving date and the invoice date (when using receipt accruals).
When you run the Interface Supplier Costs the system will interface IPV and ERV as well into Projects.
However, when you pay the supplier there could be additional exchange rate variances. Those are variances between the invoice date and the payment day. Those exchange rate variances are not interfaced into Projects. If you need those to hit project cost you will need to develop a custom program to select the values from the payment records and load transactions into PA interface table.