Exchange rate at IV and GR

Question

hi all ,
During  invoice verification  and  goods receipt ,  exchange rate depend on whether the  invoice date  or posting date ?
thanks
laxman

Answer 1

Hi lakshman,
there are two types of exchange rates
fixed and current exchange rate,
if it is fixed in PO check the " exange rated fixed " button,
If this rate is fixed, the system uses the exchange rate from the purchase
order to convert the foreign currency to the local currency at goods receipt
and at invoice receipt.
If the exchange rate is not fixed,
the system uses the current exchange rate
to convert the foreign currency to the local currency at goods receipt. In
Invoice Verification, the system also suggests the current exchange rate as
the exchange factor, but you can change it.
If the exchange rate is not fixed, exchange rate differences can occur as a result of
using different exchange rates. Exchange rate differences are actually the same as
price differences. The way that the system posts exchange rate differences depends
on the settings that have been made in Customizing for Materials Management
under
Logistics Invoice Verification → Incoming Invoice → Configure How
Exchange Rate Differences Are Treated.
They are applicable on invoice date only
if this is useful reward points
lakshmi reddy
Edited by: lakshmi reddy on Dec 28, 2007 9:26 AM