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Projects - EBS (MOSC)

Absolute Fund Check Behavior on Exchange Different between receipt and AP

Feb 25, 2021 1:58AM in Projects - EBS (MOSC) 3 comments

Hi All,

I do have a question about what is the standard behavior about handling exchange difference with fund check control on absolute.

Case:

Project Budget for Fund Checking in project functional currency is $100.00 at project level with absolute control.
Expense item 3 Way match PO raised in foreign currency in $10.00 with exchange rate 10 and matching option is PO.
Receipt is created in foreign currency $10
Invoice is entered into AP in foreign currency $10 but the exchange rate is 11 now.

We are using the standard exchange rate account derive rules.

In AP, there would be $10 exchange rate debit generated and ready to interface to Project Costing.

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