Exchange difference on invoice posting

Hi experts,
Warehouse has done GR for material and system has generated the following transaction.
Inventory Dr. Rs. 10,000
GR/IR a/c Cr. Rs. 10,000
When finance posted the invoice system generated following transaction based on less foreign currency rate.
GR/IR a/c Dr. Rs. 10,000
Vendor    Cr. Rs.   9,700
Inventory Cr. Rs.     200
Exch. Diff Cr. Rs.    100
My point is that based on exchange rate difference system calculated the difference and reduced the inventory value, than how exchange rate difference generated?
Kindly help me to sort out this issue.
Thanks in advance.
Best regards,

In MM module, material is assigned to valuation class / type. There are two types of valuations. One is moving average and other one is standard average.
At the time of MIGO, the transaction is booked on the basis of valuation type and MIRO is booked on the basis of invoice value. The difference should go to the rate difference account maintained in account assignment.Check the valuation type and account assignment. I think the material you are posting has standard valuation type cause of which it is transferring the difference amount to price difference account.
Thanks,
shailesh
Edited by: patilshai on Jan 13, 2012 7:16 PM

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Exchange difference for Invoice

In company the Inventory is managed in different currencies as per GRN (Procurement) exchange rate. All the subsequent posting should be posted with GRN rate. But this is not happening at this moment. All the subsequent transactions to GRN are posted on the posting date exchange rate.
How to do subsequent postings to GRN at the original GRN rate. If there is any exchange difference loaded at the time of Invoicing then it should be taken care while doing subsequent transactions.
Kindly resolve.

Not quite sure I understand the question but . . .
On the Header level Delivery/Invoice tab you can fix the exchange rate. All GRs/Invoices then get posted with reference to that exchange rate. Is that what you want ?

Inventorising the Exchange difference in MIRO

We want not to inventorise the exchange difference while invoice verification (MIRO). We are in Actual costing scenario. when we do actual costing the exch.diff booked in MIRO (Invoice verification) is transferred to Inventory a/c. One way to avoide is to select "Exch.rate fixed" check box in PO. But the inventory is valued only with this rate. Any change in Exch.rate will not be considered for Inventorisation at the time of MIGO.
What we want is ,the inventory should be valued at the Exch.rate on inwarding (MIGO) and further variance should not be inventorised(Actual costing scenario).
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Thanks BSK,
I thought this will not work here. Can you pls elaborate further.
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Hello Experts,
We are working in a public project and we are facing the following:
Due to the exchange rate an invoice is bigger in local amount (EUR) than the PO. In other project, we were moving that difference to another P&L account out of budget. However, here in this project, due to the legal requirements all amount of the budget has to consume budget. Could you help me to resolve this isssue please?
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Hi,
Then you need to change the exchange rate based on your LIV posting date.
Check in OB08 with exchange rate type "M" , as when ever the difference in PO and Invoice you need to ask the finance team to change exchange rate as per date on which you receive the Invoice so the posting is done as per the vendor invoice exchange rate.
Do refer the below KBA which explains you in detail how the exchange rate works during MIRO.
KBA: 1700942 - Exchange rate cannot be changed as changing the posting date during logistics invoice verification

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Dear Experts,
We Procure Assets through Material Managment . we have created interim asset class in FI and attach Asset number in PO while creating PO.
Now scenario is that we procured/imported Asset through PO and created PO in Foregin Curreny on 01-06-2011. we did GRN of the Asset on 16-08-2011 and MIRO on 24/08/2011. FOregin Exchange on all these dates were as follow
01-06-2011 106 PKR
16-08-2011 116 PKR
24-08-2011 119 PKR
now due to difference in exchange rate at the time of MIGO and MIRO system automatically charge Exchange rate difference to Asset at the time of MIRO. While our financial experts argue that according to IAS21 exchange rate difference should be expensed out
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isi t SAP standard functionality to charge exchange diiference to Asset at the time of MIRO.
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sajida

Hello Sajida, Did you resolve this?
There are a few things that you could do:
1. Tweak the way that Exchange rates occur between MIGO and MIRO, that you can do it at SPRO > Materials Management > Logistics Invoice Verification > Incoming Invoice > Configure How Exchange Rate Differences Are Treated
In there you have the following options:
If you do not select a value: Exchange rate differences between goods receipt and invoice receipt
The system calculates the exchange rate differences from the difference between the exchange rate at the time of the goods receipt and the exchange rate at the time of the invoice receipt.
Choose the value X: Exchange rate differences between invoice receipt and assumed exchange rate
The system calculates the exchange rate differences from the difference between the exchange rate at the time of the invoice receipt and an assumed exchange rate. The assumed exchange rate can, for example, be valid for a whole year or a part of a year.
Choose the value N: No exchange rate differences, only price differences
No exchange rate differences will be calculated. Instead, differences from exchange rate variations will be considered as price differences and posted to a price difference account.
Since you are working with assets, all price differences move to the asset, therefore it may not help you, but nonetheless you should try it out.
2. Modify the Account Assignment Category "A" (Asset) so that the Goods receipt becomes nonvaluated, with this, there won't be any change between MIGO and MIRO since there won't be any financial document on Goods Receipt. This solution is implemented is most of our clients.
3. Creating or modifying the purchase order (before Goods Receipt) you can check the Indicator Exch.Rate Fixed in the Delivery/invoice tab at PO. with this indicator on, all documents posted to this purchase order will have the exchange rate shown in the same tab at the Purchase Order (ME22N), you can change this exchange rate also with the number that you need for MIGO and MIRO, no price differences will occur between MIGO and MIRO, but price differences for payment will occur has a standard.
Best regards,
Arturo Flórez
MQA Colombia

AP- Why exchange rate type between Post invoice and Post payment is differe

AP- Why exchange rate type between Post invoice and Post payment is different ?
Hello,
I have question
when post AP invoice , document type KR
document date = 11.12.2009
posting date = 31.12.2009
entry date = 05.01.2010
this document using exchange rate type B (standard translation at bank selling rate) on 31.12.2009 (use posting date )
but when post payment for above document,document type ZP
document date = 25.06.2010
posting date = 25.06.2010
entry date = 24.06.2010
this document using exchange rate type M (standard translation at average rate) on 23.06.2010
please answer
why do post invoice and post payment use different exchange rate type?
and why at payment donot use posting date for get exchange rate ?

Nanas,
Sorry if im not being clear...
My point is: the difference rates customization for payments is done at FBZP.
At Paying Company Codes, you have 4 flags for exchange rates differentes.
At Control Data look:
*Do not Post any Exchange Rate Differences:
If the indicator is not set, the difference between the exchange rate at the time of posting and the exchange rate at the time of payment is determined for items which are posted in foreign currency. The payment program uses the translation rate in the currency table in the system for this purpose.
*No Exchange Rate Differences for Partial Payments:
Has the effect that the payment program for partial payments (requests for payment using transaction F-59) does not post exchange rate differences.
*Processing of Bill of Exchange Payments:
*Separate Payment for each Payment Reference
Regards
Bruno

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SO VBRK-KURRF (exchange rate for FI) is taken from "pricing date" in standard?
Are you 100% sure? :
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LV60AA90
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I'm talking about price difference in Std. cost & GR value because of exch.rate diff.
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We once had a similar requirement - the only difference is that we wanted the exch. rate diff. to go to the WBS element (which is on the PO). All we did was to add WBS element as a document splitting characteristic in the following node in SPRO.
Financial Accounting (New) -> General Ledger Accounting (New) -> Business Transactions -> Document Splitting -> Define Document Splitting Characteristics for Controlling
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Best Regards
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Hi
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Dear Gurus of SAP
I have major problem if some one can help me out it will great.
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Regards,
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Edited by: DAVID LIM on May 20, 2010 4:46 AM

Hi Shashi
Cash Discount amount can be modified manually?
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Exchange difference on invoice posting

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