Skip to Content
author's profile photo Former Member
Former Member

Intercompany purchase copies sales amount-but applies base currency

Hi

We have 2 companies-one with base currency INR and second with base currency USD. Some customer orders are taken by USD company which gets goods producted at INR company. By assigning INR company's plant in USD companies sales order, we can generate production orders and poduce goods in INR company against the order received byUSD company. This cycle is working fine.

Sale from INR company generates "Intercompany sales" entry in ledger. This also triggers "Intercompany purchse" in USD company. However, we have an issue if the sales order currency is different from USD.

If the order is received in EUR, INR company's sales show the invoice in EUR and posts in INR based on the exchange rate maintained. However, system carries forward the same amount to Intercompany purchase and only the currency gets changed in USD compan. (Eg. if the sales invoice of INR company is 100 EUR, system is generating a corresponding intercompany purchase of 100 USD in USD company. It should have either created intercompany transaction with 100 EUR or 135 USD in USD company).

However when we do any other FI transaction in other currencies, system correctly posts them applying exchange rate.

This appears to be some minor configuration issue. Would appreciate, if someon can help us identify and resolve this issue.

Thanks in advance.

Shaji Varghese

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Posted on Jul 19, 2014 at 08:25 AM

    """"""Sale from INR company generates "Intercompany sales" entry in ledger. This also triggers "Intercompany purchse" in USD company.'''''''''''''

    can you help me in understanding--how a intercompany invoice creates purchase order🤯

    Phanikumar

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.