Import Procurement: Exchange rate:
Dear Experts <
Pls tell me what is the role of exchange rate while making an imported procurement:
1.Ex rate in PO: The PO is made in INR , item price is put in USD , the system calculates the other duties n taxes in INR based on the exchange rate prevailing in the system at the time og saving the PO .
eg. Basic Price USD 100,
system ex rate at the time of PO :45 hence basic price in INR 4500/-
tax ( say CVD) @ 10 % is INR 450/-
2.Bill of entry is done at the exchange rate prevailing at the time of unloading the goods at the custom house.
Basic Price USD 100
Ex Rate considered by customs : 50
Material price 100x50 =5000
cvd @ 10%= 500/- . Thiws is the duty paid to the customs (NOT Rs 450/- as in PO) & hence this
amount is MANUALLY booked in MIRO as planned delivery cost.
3. Goods Receipt: GR is made against the PO with ref to the customs MIRO:
Here the cost of goods is taken from PO ie Rs 4500/- & tax as Rs 500/-
4. Payment to the import Vendor : MIRO is done in USD.
Goods Cost : 100 USD
Ex Rate in the system at the time of making this MIRO : 55/-
The system in this case debits the cost of goods in INR by a difference of 55-45 ie INR 1000/-
I am confused as in what should be the exchange rate in what document & what is the actual material cost in INR .
Pls give ur opinions.
Regards
Anis
Hi
system unless entered manually during ME21N or during MIRO takes the value of Exchange rate fromthe reference table OB08 only no where else. You may try all combinations during your PO creation it will refer the OB08 rate only since we can not enter the exchage rate during MIGO.
Similarly it will refer the OB08 table for the exchange rate of the day if the table is updated regularly on a day to day basis.
Regards
Similar Messages
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In import PO, Exchange rate is not picking from PO
Hi All
In import PO, while doing Miro(Customs) and Migo, the system not taking PO exchange rate But it is taking Table Exchange rate.
is there any thing to be done?
Regards
manjuhi
in po header delivery/invoice tab tick exchange rate fix indicator
if u dont tick it system will pick the exchange rate what u maintain in OB08
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KI -
Import cycle-exchange rate/local currency
Dear Gurus,
In Import cycle,we have followed following cycle.
1) Created PO.
2) Released the PO.
3) Now we have done MIGO.
NB: We have maintained exchange rate USD in the PO.exchange rate in PO is 148(local currency) = 1 USD.
In OB08 we have exchange rate as 130(local currency)=1USD.
In PO we have maintained Clearing Agent and Custom duty payment but when doing MIRO for clearing agent and Custom duty values are picked from OB08 ie 130(local currency)=1USD.
My Client wants the value in MIRO for Clearing Agent and Custom duty be picked from PO and also it should be in local currency.
What are setting to be done for the above cycle,please guide me with your valuable inputs.
Regards
Ram
Edited by: RAMKUMAR WARIYAR on Jun 9, 2009 10:50 PMHi
During MIRO you can input the value of invoice in Local currency and select the local currency in the field currency. Also if you have maintained individual condition types for the clearing charges and customs duty, then you can attach the vendor code of the clearing agent and customs duty for these condition types. Anyhow, the currency in those vendor codes will be local currency only and hence you can post in local currency.
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Hello Experts,
I have created imported PO with account assignment to WBS element and changed the foreign exchange rate (FER) to 50. Since the unit rate was $100 (Foreign Currency) and Qty. was 2 nos., system had increased commitment value by value 10000.
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When GR is taken for Qty.1, system has reduced commitment value by 4000. Hence, system now shows the balance commitment value is equal to 6000. (report S_ALR_87013558)
Ideally, commitment value should have been 5000 only.
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Note: We donot want fixed exchange rate as we want MIGO and MIRO to happen at current rate (not with FE rate maintained at PO).
Regards,
AbhishekThanks for your advice Mr. Atif,
My client needs to be changed ER in MIRO level also, same value needs to be paid to vendor. When ever will go to f-53, if will process the open item, it is not matching to actually liability created values.
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Hi,
Is it possible to automatically import exchange rates in SAP Business One on a predefined schedule ?Hello,
you could do that by using UI/DI addon. It is better use it since there is no standard feature to do that in SAP B1
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MIRO - Import PO exchange rate amount is booked in wrong Account
Hi expert,
In case of Import PO while doing MIRO , Ex. difference should be loaded to Material or consumption as per the stock level. Some where it is loaded & some where it is heat the cost in Ex. diff unrealized
Client requirement is should always be go to Consumption / Material Account
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gkumarHi,
If yur import PO is created without ACCOUNT ASSIGNMENT CATEGORY, then it will post the exch diff to material accounts only.
In case of POs with ACCOUNT ASSIGNMENT CATEGORY (either F/K), then it will post to the EXP GL of your PO line item only.
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Srinu -
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Hi Experts,
how we can export or import exchange rate from the "Exchange rates and Indexes" screen ?
what is the purpose of that Auto Export and Auto Import button too ?
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SanjuHi
Check this Help Page that explains, Automatic Export and Import of Exchange Rates and Indexes
http://help.sap.com/saphelp_sbo2005asp1/helpdata/en/80/2d0911952840ba937b22802bc63c6d/content.htm
ALso
Please check this thread:
Import Exchange rate table from bank
Giri
Edited by: Giri dharan on Dec 22, 2009 2:32 PM -
Importing Exchange Rates into Business One Automatically
Good Morning all,
How can I automatically import the exchange rate tables to Business One?
There is one stub called 'Auto Import' in Exchange Rate and Indexes table. Is it the one to import from external file? If yes, please explain how to do the same?
Thanks in advance.
Regards,
BalajiPlease check this thread:
Import Exchange rate table from bank
Thanks,
Gordon -
Import Goods Reciept(MIGO) - Exchange rate issue
Dear all,
In import procurement cycle,we are creating purchase order(backdated) on goods receipt,
maintained exchange rate(Currency EUR) based on exchange rate given by customs vendor in working sheet,
capturing custom duties in required condition types in purchase order,Doing Customs MIRO based on Purchase order in
currency INR,because duty is paid to customs through customs vendor in local currency,
maintained exchange rate for EUR Currency in OB08 for current date with exchange rate type 'M',
referring commercial invoice no.
in migo,entering all other details quantity,batch,date of manufacturing,delivery note no,bill of lading no.,excise invoice no,
excise date, excise duties were flowing fine except material base value which is calculated on 1 EUR = 44.17 INR,
But actual exchange rate maintained on purchase order & as well as in OB08 is 1 EUR = 63.75 INR ,
Material base value should be calculated for exchange rate 63.75 INR but it is calculating for 1 EUR = 44.17 INR,
Due to this accounting document get posted taking wrong exchange rate(44.17 INR)
Is there any configuration for exchange rate is missing ?
How to solve the above issue ???Hi Jeyakanthan,
Normally in SAP Standard settings for exchange rate type 'M' for 'EUR' currency transactions will have alternative exchange rate type as 'EURX' please check the rate might be taking from EURX.
Kind Regards,
Kiran Yelamarthy -
HI,
WHEN I AM DOING THE MIRO FOR PLANNED DELIVERY COST WITH DIFFERENT VENDOR IN CASE OF IMPORT PO.
AT THE TIME OF MIRO IT IS PICKING THE CURRENT EXCHANGE RATE ENTERED IN OB08,NOT WHAT I HAVE MENTIONED IN PO.THOUGH I HAVE TICKED THE "FIX EXCHANGE RATE" BOX.
PLZ GIVE SOME SOLUTION.IT IS URGENT.
POINTS WILL BE REWARDED.
REGARDS
JASHHi,
Can you run the scenario one more time. Before tht change the exchange rate in OB08. Enter the required exchange rate in PO and select the tick box. It will work definately.
If you hve not select the exchange rate fixed tick box it will pick the exchange rate from OB08.
Hope you know you can change the exchange rate in MIRO also.
reg
Durga
*Assign points if info useful -
Exchange rate issue for import po
Dear friends,
my client book a po in usd for the main party but the custom duty condation we are mataining in inr for a different ....now we have paid advance against the bill now the bill has come we need to clear the COMMISSIONER OF CUSTOMS account but the account showing exchange rate difference
Ex.rate diff.accts are incomplete for account 0010700305 currency INR
Message no. F5063
Diagnosis
The accounts for posting exchange rate differences could not be determined. For the specified G/L account and the specified currency key, the accounts are only specified incompletely. Either the accounts for the implemented exchange rate difference, the accounts for the valuation differences or the balance sheet adjustment account are missing.
System Response
The system cannot generate the exchange rate difference posting.
Procedure
By pressing ENTER, you achieve that the document is reset to a status without automatic posting. In another window, you can complete default settings for exchange rate differences and post the document afterwards.
but we have already clear the same fo different IMPORT PO
Any solutation can be appriciatedYes i know the system is also sugesst to assign the forex gain/loss through FBKP-(KDF) but my client not making import for the first time we have made several po and matain the same condition for the same vendor(COMMISSIONER OF CUSTOMS)
it havnt ask any account assignment ...till date but sundlly why it asking ?.....is there any patch file required for it? -
Wrong Exchange Rate in Imports Purchase Order.
Hi
While creating the Imports Purchase Order, the system is picking up the wrong Exchange Rate.
We have maintained the Exchange Rate as
Exch. Rate Type: M
From currency: EUR
To Currency: INR
01.03.2010 - 70.35000
01.02.2010 - 66.15000
But when we are creating the Purchase Order, the system is picking up 44.17
Why the system is behaving like this?
Note: there is a entry in the system as follows:
EURX INR EUR 01.01.2001 /44.17000
Is this related with this?
Please advice.
Regards,Hi all,
You may check in OBBS first for " M EUR INR", you can see field "Alt. ERT".
For your case, the "Alt. ERT" should be assigned with EURX, thus system will read
OB08 for entry "EURX EUR INR".
You may also refer to note 128809 and note 135661 for some details.
Thanks and regards,
Polly -
Exchange rate in Import PO-GR ..?
hi all
I have created imported PO with exchange X before 2 months .
Now I m have done GR for that imoport PO,
In my Exchange rate master I have maintained Y as exchange rate.
My query is while doing GR in which exchange it'll generate the account document in MIGO.
Regards
sap-mmThanks for ur response,
Then where i can know, how much exchange rate i have maintained while creating PO.
Any exact transaction
Thanks
sap-mm -
Diff. Exchange Rates used in Diff. Scenarios(Import/Export/Other)
Suppose maintained following Rates against USD in OB08 -
B (Bank Selling Rate) - 46
M (Avg. Rate) - 45
G (Bank Buying Rate) -44
Which Exchange Rate Types are used in case of following -
In case of Import -
In PO
In GRN
In MIRO
In Case of Export -
In SO
In Billing Document
In Sales Accounting Document
In Excise Accounting Document
Also in case of following -
At the time of Receipt
At the time of Payment
At the time of Revaluation of Open Items of Customer
At the time of Revaluation of Open Items of Vendor
At the time of Clearing of Advance against Vendor Invoice in F-44
Please guide in this regard...
Thanks & Regards...
AmeyaHi,
The default for all of these is Rate M.
Via Customising it is possible in most cases to use a different rate.
Kind regards -
Export and Import Exchange Rate
Hi,
I have 40 companies in SAP B1. My first problem is that I need to import and export daily the exchange rate from one database to another. My second problem is that some of this companies have a different local currency. How can I do to accelerate import and export process for this companies? SAP B1 provides me a functionality to export exchange rates from two companies with different currency?Hi Martin,
Check the thread
how to import Exchange rate Automatically from internet daily
Import Exchange rate table from bank
Regards
Jambulingam.P
Edited by: Jambulingam P on Aug 13, 2009 10:01 AM
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