Exchange Rate Difference

[Former Member]

If I check 'Local Currency Rate Diff' check box in OMRW:

1. If GR happens before IR, IR will be posted with the exchange rate of GR document.

2. If IR happens before GR, IR will take the exchange rate as of IR date. Then when tried to do GR, since (assuming there is an exchange rate difference between IR time and GR), giving an error because exchange rate on IR is different from GR and there is no place for the difference to go.

Please share if there is a way I can work around.

Thanks

[Former Member]

Hi,

Even after checking them in OMRW we need to maintain account determination in OBYC and maintain 2 accounts Exchange rate gain and Exchagne rate loss and give the respective accounts in Debit & Credit columns respectively.

Thanks & Regards,

Giridhar.

[Former Member]

Giridhar,

Thakns for the response. I do not want the exchange rate difference to go to a GL account. That is whole point of checking 'CCCurr' check box in OMRW. But, if you check that box system is not letting you post GR after IR. There got to be a way.