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Former Member
May 16, 2014 at 05:13 PM

Accounting substitution during MIRO

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Hello Experts,

I need to define substitution during MIRO

Process is :

When material is received from foreign vendor, exchange rate used is as on the date of mat receipt. But the requirement is to valuate the inventory

with exchange rate prevailing on invoice date (ex rate declaration date)

Currently, system takes difference between invoice date's ex rate and mat receipt date's ex rate to exchange gain/loss.

During MIRO such exchange gain/ loss is posted to, say, account 611400 account

I need to define substitution rule wherein system posts such gain/loss to different GL account,say, 520430. So that exchange gain/loss on only such transaction is readily available for reporting requirement.

How such substitution rule can be defined.

Thanks in advance.

Regards