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Project - How to set different currencies on Project Currency & Billing Currency

  • 29 May 2023
  • 2 replies
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Hello All,

We are a trading material company. We buy materials from different countries and sell them in our based country. On the Construction/ Project function, we type Cost Budget as the sourcing country's currency (usually in USD & EUR) but the Invoice must be issued in based currency (VND).

When trying to set Project Currency = USD, Billing Currency = VND, the error message from the system shows “Another billing currency is not supported because the project currency USD differs from the base currency VND.”

Therefore, we can't use the different currencies on Project Currency & Billing Currency.

Really appreciated it if you have any ideas for this case.

Thanks all,

Yên Chi

 

 

 

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Best answer by aaghaei 29 May 2023, 19:02

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Hi @chidao 

As per project form reference, the system selects the project currency as the billing currency.
Refer below screenshot.

I believe you need to do customization.
 

Regards,

Sweta

aaghaei
Rank
Userlevel 7
Badge +8

 @chidao  Honestly what you trying to work out has no ground in accounting either. This way if even possible, your project budget would be in one currency and project cost in another (or even multiple currencies) as a result when you run project budget reports for margin and other comparisons you are comparing 🍏 to 🍊.

You will need to setup you project Revenue & Cost in you case currency and when you receive AP bills process in their own currency with right exchange rate.

Reza Aghaei CPA, M. Acc. & Acumatica Customization - If I provided an answer to your question, please mark it as “Best Answer”

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