on 07-06-2011 7:15 AM
Hi Friends
Can you please help me on the following issue
We have a Japanese order where we have booked in Period 4 2011 and reversed revenue in period 6 2011.
The reversed revenue used the period 6 JPY rate to convert to USD.
However, the revenue should have used the last billing period rate which was in period 4 2011.
Is it possible to change the rate on the period 6 revenue to the period 4 JPY rate?
Can someone help us to direct if any systematic solution for this issue or do we have to do the manual revenue entry ?
Please advice
Thanks
Larry
Hi,
Not sure if you are from the Finance stream; but the system behaviour is correct. You have recognized revenue in a different period. The only way you would have the same rate is; if you reverse the revenue in the period of recognition. As periods are different, the fx impact should also be different.
Cheers
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