exchange rate at IV and GR

[Former Member]

hi all ,

During invoice verification and goods receipt , exchange rate depend on whether the invoice date or posting date ?

thanks

laxman

[Former Member]

Dear Laxman,

Please note following points in connection with your question.

1) In purchase order in header on Delivery tab/ Invoice tab if you choose indicator FIX then the system uses the exchange rate from Purchase order to convert the foreign currency to the local currency. at GR & IV

2) If the exchange rate is NOT FIXED the system uses current exchange rate to convert foreign currency to the local currency at GR. In IV the system also suggest the current exchange rate as exchage factor but you can change it.

This is the answer of your point.

Reward if useful.

Vivek Maitra

[Former Member]

can u be more elaborate about current exchange rate

[Former Member]

Hi lakshman,

there are two types of exchange rates

fixed and current exchange rate,

if it is fixed in PO check the " exange rated fixed " button,

If this rate is fixed, the system uses the exchange rate from the purchase

order to convert the foreign currency to the local currency at goods receipt

and at invoice receipt.

,

If the exchange rate is not fixed,

the system uses the current exchange rate

to convert the foreign currency to the local currency at goods receipt. In

Invoice Verification, the system also suggests the current exchange rate as

the exchange factor, but you can change it.

If the exchange rate is not fixed, exchange rate differences can occur as a result of

using different exchange rates. Exchange rate differences are actually the same as

price differences. The way that the system posts exchange rate differences depends

on the settings that have been made in Customizing for Materials Management

under

Logistics Invoice Verification → Incoming Invoice → Configure How

Exchange Rate Differences Are Treated.

They are applicable on invoice date only

if this is useful reward points

lakshmi reddy

Edited by: lakshmi reddy on Dec 28, 2007 9:26 AM

[Former Member]

can u be more elaborate about current exchange rate

[Former Member]

On a Daily basis exchange rate is maintained by the FI consultant (or) accoutn dept .This can be maintained in

T.Code: OB08 for all the currency. Normally the procedure is to upload the data for all the currencies.

After that only invoice verification is Done.In the SPRO in MM>LIVIncoming Invoice--Configure how exchang earte are treated, you have to maintain for the company code.

Please reward if helpful

G.Ganesh Kumar

[Former Member]

invoicong date