Hi Experts,
Share your thoughts & comments on budget translation.
Budget is maintained on Project for over all in AUD.
When actual cost is captured for current year through a PO with AUD as Transaction Currency, Budget issues exceeded message even if budget is available in AUD Value as it calculates the exchange rate maintained from the first day of the "Current year" i.e 01/01/2014 but the current exchange rate values is higher then the old rates maintained on the first day of the year.
This causes inconsistency in budget available where in budget has to be increased to match the older exchange rate for AUD and USD.
Let me know if any customization needs changes in my settings.
Screen shot attached.
Budget Maintained - Over All
Co Currency - USD
OBJ Currency - AUD
Budget Currency - AUD
Thanks.