Difference in Unearned Revenue and Unbilled Receivable Due to Exchange Rate Differences
Last updated on DECEMBER 12, 2016
Applies to:Oracle Project Billing - Version 12.1.3 and later
Oracle Project Costing - Version 12.1.3 and later
Information in this document applies to any platform.
due to exchange rate difference at the time of Revenue Generation and Invoice Generation, Unearned Revenue amount is different from the Accrued Revenue.
This happens because revenue is recognized for e.g. on 01-Nov when rate is 99.9348 and Invoice is generated on 10-Nov when rate is 100.2806.
Aso, Unbilled Receivable account can show a different amount compared to Revenue generated, again due to exchange rate difference at the time of Revenue Generation and Invoice Generation.
How to remove these differences?
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