Hi Everyone,
We would like to have an easy workflow and process for compering Budget USD salaries at budget FX rates vs Budget USD salaries at actual FX rates. Is it a right approach to create a FX version dimension like FX actuals, FX forecast, FX budget etc? Or is it more efficient to utilise our current Version dimension and once we have a budget version we just make a copy of it and update FX rates in that version based on actuals to get the re-calculated USD budgeted salaries as per most recent rates? So the use case is: having an easy way to understand the FX impact in the BvA report.
Example:
Employee with 10,000 EUR salary
Budget EUR/USD rate: 1.2
Budget USD: 12,000 USD salary
Netsuite Actuals EUR: 10,000 EUR salary (same)
Netsuite EUR/USD rate: 1.3
Actuals USD: 13,000 USD Salary
BvA = (1000) USD
We would like to then easily explain to budget holders that this 1,000 USD overspend is pure FX and not their "real" action on spending more. Thanks!
Best answer by Nathan
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