Re : Transalation date

Please tell me...
we r maintained three transalation types in which 1. document date 2. posting date 3. transalation date. I know document date and posting date, but i am in confuse about the Transalation Date. Let it be conform what is the importance of Transalation date in transalation type.

when to use Translation Date:
Sometime it may happen that you are settling some very old transaction. If you want the exchange rate as per Document date or posting date, system will take exchange rate from table OB08 as of that date. but if you want to calculate amount in forex as on some other date say 31.03.2002, then you have to put translation date as 31.03.2002. the system will pick up exchange rate of 31.03.2002 from OB08.
Regards
RKG

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    Message was edited by: Srikanth Pinnamaneni
    Message was edited by: Srikanth Pinnamaneni

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