Hi
We have a scenario in which we import ceratin materials. Hwoever, in India, we do the Customs MIRO first based on the bill of entry first and then do the GRN through MIGO. Our PO is in USD and the customs MIRO is in INR. How ever, when we do the Invoice verification for Raw Materials, system allows to do the same in INR. Now my query is:
1. Should the same be done in INR or USD. In case we do the same in USD, system updated the balance of all the GL in INR. However, the currency conversion takes place at the exchange rate specified in PO. Can we change the exchange rate manually, which is there under the details tab in MIRO. Currently the same is in Display mode
2. Is it correct to book the Invoice in INR (Company Code Currency) rather than USD from Accounting Point of view.
Regards
Vaibhav