Allocation in reporting currency with functional currency being the same
In the following example, the different transaction currencies depict a multi-currency contract. The reporting currency is USD, according to the REPORTING_CURRENCY profile. The MULTI_CURR_FV_REPORT_LEVEL profile is set to Reporting Currency.
|
Line No |
SO Book Date |
Company Code |
Amount |
T.Curr |
F.Ex.Rate |
F.Ex.Date |
F.Curr |
G.Ex.Rate |
G.Ex.Date |
G.Curr |
|---|---|---|---|---|---|---|---|---|---|---|
|
1 |
01/01/2019 |
100 |
1000 |
EUR |
1.0 |
01/01/2019 |
EUR |
.90 |
01/01/2019 |
USD |
|
2 |
01/02/2019 |
100 |
2000 |
GBP |
1.2 |
01/02/2019 |
EUR |
.88 |
01/02/2019 |
USD |
|
3 |
01/03/2019 |
100 |
3000 |
USD |
1.3 |
01/03/2019 |
EUR |
.85 |
01/03/2019 |
USD |
|
4 |
01/04/2019 |
100 |
4000 |
GBP |
1.4 |
01/04/2019 |
EUR |
.82 |
01/04/2019 |
USD |
Although the functional currencies for all lines are the same, allocations happen in the reporting currency (USD) as specified by the MULTI_CURR_FV_REPORT_LEVEL profile. The reporting exchange rate, used to calculate allocations, is based on the line-level exchange rates. When allocations are posted, Zuora Revenue derives the functional exchange rate based on the 1/reporting exchange rate at the line level. The reporting currency exchange rate for posting is the line-level reporting exchange rate.