Support vendor payment of expense liability in foreign currency
Important
This content is archived and is not being updated. For the latest documentation, go to Project Operations updates. For the latest release plans, go to Dynamics 365 and Microsoft Power Platform release plans.
| Enabled for | Public preview | General availability |
|---|---|---|
| Users by admins, makers, or analysts | 
Aug 1, 2022 |
Sep 16, 2022 |
Business value
Project Operations uses the standard defined exchange rate for currency conversions. However, because of time lags in the process from posting to actual payment, there is often a mismatch between the transaction amount and the posted amount. This feature addresses the issue with foreign currency payments related to expense transactions.
Feature details
When creating an expense report with foreign currency for an employee, the system converts the value of that foreign currency to the legal entity currency using the exchange rate taken on the day the expense report was created. After several days, when the customer tries to make a payment back to the employee or vendor, the system converts the amount to be paid using the exchange rate on that day. This results in a difference in the amount between the expense report and the amount paid. Because of this issue, the employee or vendor is either underpaid or overpaid, requiring manual intervention to settle correctly. With this feature, we aim to address the discrepancy with foreign currency payments related to expense transactions.
See also
Post expense reports (docs)