Hi All,
l have an issue which is, when l fix the exchange rate in my PO, at the point of goods receipt, differences are generated. that is,
at date 01.02.09, exchange rate on PO is fixed.
at date 11.02.09, goods receipt is done and when the accounting document is checked
it post a difference between the fixed PO rate and what's maintained on the exchange rate table
to the forex account. So l get this:
Dr Stock account
Dr Price diff account
Cr GI/IR account
Cr Forex account
Note: that IV is not yet carried out here at all. Price control is moving average.
My understanding is that differences arise between the time of GR and IV, if PO is not fixed.
Regards