Receivables - EBS (MOSC)

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Updating the forex rate for the transaction

edited May 17, 2009 10:39PM in Receivables - EBS (MOSC) 1 commentAnswered
Hi All,

Our issue is as below

Functional currency= GBP and AR invoice raised in USD

A) Transaction raised on 01-May –2009 and on that we used the corporate rate which is 1 USD = 0.5 GBP

Actual rate agreed by customer is 1 USD= 0.6 GBP which is on 10-May-2009

Issue is now how to update the forex rate to reflect the actual revenue that needs to be recognized in functional currency, (USD remains the same)

---- System is not allowing me to update the forex rate (As the entry has been already accounted and transferred to GL)

Any suggestions will be greatly helpfull.

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