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Former Member

Post Goods Receipt, Post goods issue in Second local currency issue (differences)

We post a goods receipt for a material in one month and then the next month we do the post goods issue

and then sell to customer (usual business process). The inventory value in our local currency matches

perfectly between GR and PGI, but our hard currency. (USD) is different because of the foreign currency

differences between the months.

Our accountant's feel the USD value should be taken.from the time the goods receipt is done. To note:

we are not in the USA!! We also tend to view our.reports using USD currency and NOT local currency,

the increased COGS value reduces our profit made on.the sale of the material in the USD currency.

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3 Answers

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    Former Member
    Oct 19, 2015 at 10:09 AM

    Note that solution required for Trading business scenario only.

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  • Oct 19, 2015 at 12:23 PM

    Hi Yogesh,

    This is standard behaviour.

    Your local currency is not USD and you make goods movements when your Exchange rate USD -> XXX has changed, so this will be reflected in your accounting. Do you have to report in USD ?

    If you create the same scenario but posting in Foreign currency, do you have Ex.rate differences ?

    Kind Regards

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  • Oct 26, 2015 at 03:21 AM

    Review CO-ML (material ledger).

    Hope it helps.

    Waza

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