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).
Can anyone provide solution please.
Thanks BSK,
I thought this will not work here. Can you pls elaborate further.
My requirement is, I want to inventorise at the exch.rate on MIGO date. But further i do not want to inventorise.
Regards
MSR
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please have a look at this [EoP wiki |https://wiki.sdn.sap.com/wiki/pages/viewpage.action?pageId=60654139]page, it'll help you understand how B1 calculates the rates. There is also an [EES|http://service.sap.com/~sapidb/011000358700000326672008E.zip] in the archives where a case like yours is described (SC=FC-why dont they match).
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I have a query, I have defined an account in KDM. After the GR of the PO, if there is a difference in Exchange Rate system posts the Exchange Rate Difference to the Stock Account.
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At MIRO stage, after entering PO number system will automatically populate the GRN value for selection. Here if you found that invoice value, which you have received from the vendor, is more than the system proposed amount, then you can adjust that diff amount in the GL account tab, which is next to PO reference tab in MIRO.
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There's a purchase order with foreign currency, for the currency rate floated every month, if we do MIRO in the next month after we do GR, there's foreign currency exchange difference happened,
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Try the SAP Note No:980402.For me it worked only for material price with Moving Average price.
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Is it possible to change the exchange rate after completion of miro documen
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There are two solutions,
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Itm PK Account Alt. A Assignment Acct short text Tx Amount Curr. Amount in LC LCur Text
1 50 3028120 666880 0090639040 XchgLoss-Imprt V0 442,56- USD 2.335,00- EUR Exchange difference for USD
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SreeHi,
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User want that the exchange rate of second currency in IR is same as the exchange rate of second currceny in GR, and don't occur any exchange variance in IR. how to do ?
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Beck.shiThanks for your reply.
GR and IR post date are different,also the exchange rate are different. user modify the exchange rate of local currency in IR(in MIRO's Screen) to the same as the exchange rate in GR, so there are no the exchange veriance in the local currency's ledger. if needn't the exchange variance in the second currency's ledger,how to do?
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Hi experts,
Warehouse has done GR for material and system has generated the following transaction.
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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.
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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.
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Edited by: patilshai on Jan 13, 2012 7:16 PM -
Posting Difference in MIRO for Service PO
Dear All
We have encountered the following problem during MIRO
Description Amount Crcy Amunt in LC LCurrcy
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The above entry has come through MIRO for Service Order. Most of the FI documents have been created with these differences.
What should be the likely error.
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This is due to change in exchange rate only between GR date and IR date. the GR/IR account is same as GR document entry and the difference in amount due to exchange rate will not flow into GR/IR clearing account and hence posted to seperate account -
Exchange Difference posting through MM
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
we have assigned exchange rate difference(expense) already in OBYC
Requirement
isi t SAP standard functionality to charge exchange diiference to Asset at the time of MIRO.
and can we expense out exchange rate difference at the time of MIRO and where configurational changes should be made
please also note that as payment invoice is cleared exchange rate difference is booked in exchange difference a/c which is accurate
BR
sajidaHello 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
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