Projects - EBS (MOSC)

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'Funding revaluation includes gains and losses' flag

edited Jan 5, 2010 8:38AM in Projects - EBS (MOSC) 1 commentAnswered
Setups:

1) SOB:  USD

2) Project Currency: USD

3) Project Funding: CAD

4) Multi-Billing enabled

5) Invoicing: CAD

Issue:

If we fund using foreign currency ($10k CAD), the equiv in USD would be $9.1k for argument sake.  Why would I need to re-valuate the CAD funding?  I know the USD value 1 year or month from now would change due to rate changes.  In that case, wouldn't I just find out what the current USD value and re-baseline my budgets accordingly?  I'm just confused how I would record that gain/loss.   If we signed the contract for $10k CAD, that value really shouldn't change for CAD - Only the USD equiv would.

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