Per design the deferral schedule recognition is booked in accounting currency, regardless of what transaction currency is used in the sales order invoice and billing schedule.
The recognition process should include the original transaction currency and FX-rate.
Comments
Transaction currency is required at every stage of analysis and decision making
Category: Subscription Billing
A must feature for multinational companies.
Category: Subscription Billing
This is critical for all Global companies that works with different currencies, they need to track original transaction currency and revaluate them properly. This bug is affecting IFRS15 Accounting treatment, it impacts deferrals on Revenue but also costs from the subscription module.The revaluation journal seems also to be affected as the system cannot offset balances in transaction currency with the deferral recognition that is happening on local currency.
Category: Subscription Billing
Many companies are analyzing revenue on currency basis and also based on Accounting standards they want to revalue the revenue for foreign exchange gain or loss. This is must to have feature and help such companies. Strongly request MS to take this up as early as possible. Thankyou..
Category: Subscription Billing
As per the existing design of the subscription billing feature, the deferral schedule is created in the accounting currency, However, the client is required to know what transaction currency is used in the sales order invoice and billing schedule.The recognition process should include the original transaction currency and actual exchange rate.
Category: Subscription Billing
This is important to be able to analyze the revenue on a currency level. The FX rate is obviously fixed from the transaction date.
Category: Subscription Billing