Hello everyone
I'm relatively new in PS and have a question regarding translation of project costs and revenue plans maintained in object currency to the CO currency.
So I've done the config to plan projects in Object Currency using exchange rate type 'P' which is my planning exchange rate type. I haven't maintained any entry in the value date as F1 Help on value date says that if you don't mention anything in the value date field it would pick up my planned exchange rate as on first of the month to which my plan belongs and that's what i want (i hope i correctly understood).
I've created a planning profile which allows planning in object currency. I then maintained exchange rate 'P' for all months for which i want to maintain my planned costs and revenues (all rates are dated first of the plan months).
The issue is, when I enter planned costs and revenues in any month using the above settings, my planned costs and revenues are translated using my planned exchange rates as on January 1st of the respective year (for example, Feb 2014 values are being converted using P rate on 01.01.2014 and Aug 2015 values are being converted using P rate as on 01.01.2015. Can I please get some guidance what else to configure so that my plan values use P exchange rate as on 1st of those respective months.
Thanks for your time and help!