Foreign currency

[Former Member]

Hi expert

ON 1 January for exchange rate for $ 50 and in the same month i have made a PO. but my shipment arrive in the Mnth feb, and the exchnage rate is 51 %, because of this rate difference i got difference of 1 $, and my FI document showing differnce.how should i configure this.

Regard

Nabil

[Former Member]

Hi Syed,

It depends up on the client discreet to maintain the exchange rates, few maintain weekly basis, few maintain fortnightly and few monthly.

If your client is maintaining monthly, you tell FI/ Accounts department to maintain the exchange rate in OB08 , every month. and while posting the system picks automatically the latest exchange rate based on the posting date.

Cheers

Kris

[Former Member]

Dear,

Please create the P.O in Foreign Currency & maintain it at the time of GRN.

Regards,

A. Wankhede

[former_member329706]

Maintain the exchange rates in OB08.

[Former Member]

Hi expert

I have done both this thing.

Regard

Nabil

[former_member329706]

Aganist which Exch type are maintaining the Rates in OB08

[Former Member]

HI expert

I have maintain M

[former_member329706]

If you have maintained 51 against M , then the same will populate at the time of PO creation , were are you getting the differnce.

[Former Member]

Hi Sayed,

In the PO header, Delivery/Invoice tab, you can "check" Exchange rate fixed" field to avoid this error.

Umakanth R