Standard cost item in foreign currency

[Former Member]

Dear Experts,

The item valuation method is standard and it require us to fill in the item cost field.

Question is - can we maintain standard cost item in foreign currency?

Is there any documentation regarding this?

I tried entering the item cost in foreign currency and I get the error "Invalid monetary value (ODBC -1032)".

[former_member206437]

Hi

U can't maintain .

May i know why u required to maintain in Foriegn Currency.

Giri

[Former Member]

Hi Giri,

Thank you for your reply.

All the inventories are from other country and therefore, we bought it in foreign currency.

[former_member206437]

Hi

For Ex: One item "Cx001" ur buying from India today in INR and tommorrow ur buying same item from USA in Dollars...so it will be complicates....

SO u have to store ur standard cost according to ur local currency only.

Giri