Suggested by Eugen Glasow – Under Review
You know what I am talking about. The "estimated" revenue is always posted in the local accounting currency.
- If a "Percentage of Completion" or a "Completed Contract" fixed fee project has 2 milestones where the second milestone is billed at the end upon the project acceptance,
- and the Project contract currency <> Accounting currency,
- and the project duration is more than one month (or whatever frequency is chosen to import exchange rates),
...then the revenue and the billing amount are never going to match, neither the Billed WIP and Recognized WIP balance accounts.
Status Details
Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Sincerely, Annette Bruer, PM
Microsoft
FYI: we've implemented it now on our project in the FF-CC and FF-POC cases with the help of the MSFT Global Delivery teams in Hyderabad, it required a lot of overlayering.
Would like to see it simply post to the GL in the project currency when RR posted