What Happens when Exchange Rates are Back Dated?

Products

• Clarity PPM On Premise
• Clarity PPM SaaS

Issue/Introduction

Financial transactions have posted using one set of exchange rates.

Then a new set of exchange rates are added but the effective date is backdated.

Example:

Transactions posted throughout January.

One January 15th the Effective Date was changed to January 1st.

 

Environment

Release : 16.0.2

Resolution

Transactions posted before January 15th (date the exchange rates were updated) will contiue to have the original exchange rate.

Transactions posted on or after the change will have the new exchange rate.

This is woking as designed as Clarity will not automatically recalculate the already posted transactions.

If you want to fix the earlier transactions to have the correct exchange rate, WIP Adjustments will need to be done to recalculate the rates.