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Project Accrual Reversal FX Issue

edited Jul 18, 2017 7:06PM in Projects - EBS (MOSC) 5 commentsAnswered ✓

Hi All,

At present client is using Web Adi to upload project accruals (using reversal flag). As expected system automatically reverse the expenditure batch in the next month. Our issue is related to FX rate conversion on the reversal batch. Reversal batch takes the FX rates (Corporate) from GL for the reversal period, however the FX rate in the Original expenditure batch is different, this is causing FX exchange variance. Business Uses has to manually adjust the FX variance in GL.

Ex: Original expenditure batch is entered in EUR for period May-17 and gets posted to GL (Ledger currency is USD). Next month (Jun-17) reversal batch gets created and transferred to GL, EUR FX rate (Corporate) for Jun-17 is different from May-17 rate. So the Original Journal and Reversal Journal's USD balance does not match.

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