In Project System is it possible to re-evaluate / re-base line the initial planned costs & planned revenues periodically so that exchange rate fluctuations can be incorporated.
WBS & network is in GBP, with the exception of some activities which are planned in USD
SO created in USD
Let's say project is spanning for 3 years starting this year and the milestones for billing is also spread for three years. So planned costs and reveues are converted using the "planning" exchange rate available at the beigning of teh project.
During RA / Settlement system does the revenue recognition and this happens based on our initial planned cost and planned revenues. But when we bill the customer; the actual revenue in the company code currency will be based on the exchnage rate prevailing at that point of time.
So every time (most of the time) there is a difference in values between the recognised revenue and the actual revenus in teh company code currency in accounting. For this reson client want to check whetehr we can re-valuate the initial planned costs and revenues for the exchange rate fluctuations.
Any pointers to solve this issue would be much helpful.
I got this from SAP HELP, just check whether this helps you are not
"If you have made a change to the exchange rates between two planning meetings for activity input (for example, due to the EURO changeover), this may cause large differences between the values in the object currency for the receiver and for the sender, even though both have the same currency.
This is due to the fact that the system does not revaluate when the exchange rates change.
To avoid data inconsistencies, you can create a new version as a buffer, copy your prices into it, and then copy the prices back to your original version.
You need to copy the objects as well as the prices for orders and projects that are not plan integrated."
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