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Exchange Rate difference recovory from vendor


Hi Expers,

We have an issue with our client over the below issue .

A Canadaina Plant created a PO with Hungary vendor with HUF as currency in the PO , During PO creation there an exchange rate say X1 ( Exchange Rate not fixed ) . Due to some reasons the GR is done lately after four months from the PO date creation and after the invoice is done .Invoice is done after the three months of PO creation date .and during the GR/Invoice creation the exchange rate is X2 .

Sytem posted with X2 exchange rate by not considering the X1 rate . Thease delay in making the GR/MIKRO errors causing the client to pay excess amounts to the vendor and he want to get them back now .

Requested to advice in which process he can get from the vendor and how to see that the GR to get posted with the old x1 rate for all those posted POs .

Regards,

Message was edited by, removed the unwanted terms: Jürgen L

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5 Answers

  • Posted on Dec 24, 2013 at 07:27 PM

    I hope you misunderstood the facts.

    if the exchange rate is not fixed, then it is not taken into account when invoice or GR is posted.

    If the GR was posted after the invoice, then the goods receipt is valuated by the invoice value.

    You did not overpay the vendor, because you pay the vendor in the currency of the invoice, and this amount is just equal to the amount you ordered, the difference is just somewhere in your own books

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  • Posted on Dec 24, 2013 at 07:28 PM

    Hi,

    As of my knowledge, you cant do anything for the already posted GR docs (of-course, cancellation and re-doing is an option).

    In order to avoid the issue in future, you may put the "Exchange Rate fixed" indicator in PO.

    Regards,

    AKPT

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  • Posted on Dec 27, 2013 at 11:43 AM

    This message was moderated.

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  • Posted on Dec 27, 2013 at 12:01 PM

    why not create a credit note in fb65, if vendor is ready to reimburse., I dont know whether you can give inventory GL but you should be able to give consumption GL for offset.

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 27, 2013 at 12:01 PM

    When you refer the PO price and MIRO price what difference are you finding is same or different on vendor account.

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