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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / PO in foreign currency...
Finance | Project Operations, Human Resources, ...
Suggested answer

PO in foreign currency in project accounting

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Posted on by marypeace 520

Hi,

Is there a way to change the exchange rate in PO that is created in project accounting?

I know that the default exchange rate is the one that is setup in exchange rate table.

But my client wants to use a different exchange rate for specific PO only.

Pls advise.

Thanks.

  • marypeace Profile Picture
    marypeace 520 on at
    RE: PO in foreign currency in project accounting

    Thank you for introducing to me this experience.dynamics.com/.../ site.

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: PO in foreign currency in project accounting

    Good morning marypeace,

    I think the only way would be posting something on the ideas/experience site.

    experience.dynamics.com/.../

    When making a suggestion there you need a justification and in my opinion the risk of over/understated committed costs could be a good justification as it can result in wrong decision making if the exchange rate fluctuation is large enough.

    Best regards,

    Ludwig

  • marypeace Profile Picture
    marypeace 520 on at
    RE: PO in foreign currency in project accounting

    Hi Ludwig,

    I'm just thinking if there is a way to change the default exchange rate in Project PO.

    Anyway, Thanks for always accommodating my queries.

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: PO in foreign currency in project accounting

    Hi marypeace,

    Just double checked that and you are right.

    So, the effect of that is that your committed costs might be over/understated by the exchange rate different between the system rate and the rate you would like to have.

    Is there any other issue that you see?

    Best regards,

    Ludwig

  • marypeace Profile Picture
    marypeace 520 on at
    RE: PO in foreign currency in project accounting

    Hi Ludwig,

    You cannot change the default exchange rate in PO when you go to Purchase tab in the action pane>>click Totals.  The exchange rate is disabled.

    I can change the exchange rate during PO invoicing but during PO creation I cannot change the exchange rate.

    Thanks.

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: PO in foreign currency in project accounting

    Hi marypeace,

    You should be able to change the default exchange rate in the PO header.

    Have you tried doing that already?

    Best regards,

    Ludwig

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